WIRE — UBS, a Swiss multinational investment bank and financial services firm, has lowered its oil price forecasts for 2026 and 2027 amid a faster-than-expected recovery in flows through the Strait of Hormuz following an interim U.S.-Iran memorandum of understanding (MoU) signed on June 17. The bank now expects Brent to average $84 a barrel in 2026, down $9
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