# S&P lifts Brent oil price view to $105 as Strait of Hormuz disruption drags on

> S&P raised its Brent price assumption for the rest of 2026 by $10 to $105 per barrel and its 2027 assumption by $5 to $85. Its revised outlook assumes disruption in the Strait of Hormuz continues through 2027, with Middle East conflict disrupting oil and product exports and prompting higher European natural-gas price assumptions.

- Date: 2026-11-07 · published 2026-11-08T03:08:16.153Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/86905-s-and-p-lifts-brent-oil-price-view-to-105-as-strait-of-hormuz-disruption-drags
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Prolonged disruption to Persian Gulf exports and the need to rebuild inventories tighten expected supply, supporting crude prices over the forecast horizon; elevated natural-gas assumptions also reflect continued energy-market tightness.

## Read by commodity

- BRENT: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-29 | [Crude oil price near three-week high as UAE leaves OPEC; Strait of Hormuz disruption, US-Iran tension persist \| Stock Market News](https://feedsoft.ai/events/19903-crude-oil-price-near-three-week-high-as-uae-leaves-opec-strait-of-hormuz.md) | -1.9% | -16.4% |
| BRENT | 2026-03-12 | [Brent Oil Tops $100 as Persian Gulf Disruption Hits Global Supply - Bloomberg](https://feedsoft.ai/events/8158-brent-oil-tops-100-as-persian-gulf-disruption-hits-global-supply-bloomberg.md) | +23.1% | +16.8% |
| BRENT | 2026-03-02 | [Oil Prices Surge as Hormuz Disruptions Threaten Global Supply, Analysts Warn - Bloomberg](https://feedsoft.ai/events/8003-oil-prices-surge-as-hormuz-disruptions-threaten-global-supply-analysts-warn.md) | +31.0% | +62.6% |
| BRENT | 2026-03-02 | [Oil prices soar amid Strait of Hormuz fears as Iran war intensifies](https://feedsoft.ai/events/12016-oil-prices-soar-amid-strait-of-hormuz-fears-as-iran-war-intensifies.md) | +31.0% | +62.6% |
| BRENT | 2019-09-15 | [Oil prices likely to surge at Sunday's opening after a "different" type of Saudi Arabia disruption - FreightWaves](https://feedsoft.ai/events/5990-oil-prices-likely-to-surge-at-sunday-s-opening-after-a-different-type-of-saudi.md) | +6.6% | -0.3% |
| NATGAS | 2026-03-02 | [Oil Prices Surge as Hormuz Disruptions Threaten Global Supply, Analysts Warn - Bloomberg](https://feedsoft.ai/events/8003-oil-prices-surge-as-hormuz-disruptions-threaten-global-supply-analysts-warn.md) | +7.5% | +4.0% |
| NATGAS | 2026-04-28 | [Oil Prices Surge as Hormuz Tensions Push WTI Near $100 and Brent Above $111, Threatening Global Energy Markets](https://feedsoft.ai/events/19906-oil-prices-surge-as-hormuz-tensions-push-wti-near-100-and-brent-above-111.md) | +5.1% | +13.7% |
| NATGAS | 2026-03-01 | [WTI oil prices jump on fears Iran retaliation will hasten disruption](https://feedsoft.ai/events/12015-wti-oil-prices-jump-on-fears-iran-retaliation-will-hasten-disruption.md) | +7.5% | +4.0% |

## Sources

- dailybyte.pk: https://dailybyte.pk/blog/sp-raises-brent-oil-price-assumptions-hormuz-disruption-7-november-2026

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.