Brent crude oil prices fall below $70/barrel by Q4 2026

The UAE's pipeline project and increased export capacity via Fujairah will ease supply constraints in the global oil market. Combined with potential easing of tensions in the Strait of Hormuz, this could lead to a surplus of light sweet crude, pushing Brent prices below $70 per barrel by the end of 2026.

Implied probability (Yes)

68%