Deepecho TechFlow News, March 20: According to Golden Ten Data, UBS Group raised its oil price forecasts for 2026-2027 to reflect the closure of the Strait of Hormuz and the ongoing conflict situation in the Middle East. UBS raised its 2026 oil price forecast by $14 to $86/barrel; and raised its 2027 oil price forecast by $10 to $80/barrel. Analysts stated: "This forecast is based on the assumption that the conflict will continue for another 2-3 weeks until early April, and oil flows through the Strait of Hormuz will remain severely reduced. We assume that major oil fields and terminals will not be damaged, and from April onwards, flows through the Strait of Hormuz will gradually recover, but will not return to complete normalcy."

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