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UBS lowers 2026-2027 oil price forecasts as Hormuz flows recover

UBS on Thursday reduced its oil price forecasts for this year and next as oil flows through the Strait of Hormuz picked up, with transits recovering to about 50% of pre-conflict levels and Iranian crude exports also regaining momentum as the U.S. blockade eases.The table below lists price forecasts…

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Futures
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Austrian Supreme Court upholds ex-billionaire Benko's fraud conviction

Austria's Supreme Court on Thursday upheld ex-billionaire Rene Benko's first of two convictions for insolvency-related fraud, for which he was sentenced to two years' prison, but ordered a retrial on a second count on which he had been found not guilty.The case centred on hundreds of thousands of e…

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