« Back
Fitch Warns Oil Prices Could Average $120/Barrel if Hormuz Strait Closed for Six Months
Fitch ratings agency estimates that oil prices could surge to an average of $120 per barrel if the Strait of Hormuz remains closed for six months. The closure would disrupt significant oil supply routes, potentially causing major market volatility.
Date:
20.03.2026 |
Source:
FOR-EX.NEWS
Quotes
| Instrument | Price | Change (%) |
|---|---|---|
| EURUSD | 1.154800 | -0.35464% |
| GBPUSD | 1.332170 | -0.80566% |
| USDJPY | 159.319000 | +0.98629% |
| XAUUSD | 4495.450000 | -3.33862% |
| USDCAD | 1.371490 | -0.17251% |
| NZDUSD | 0.581880 | -0.93636% |
| USDCHF | 0.788810 | +0.08374% |
| AUDUSD | 0.700780 | -1.10777% |
| EURGBP | 0.866840 | +0.53233% |
| EURJPY | 183.990000 | +0.6653% |
| GBPJPY | 212.239000 | +0.14958% |
| AUDJPY | 111.644000 | -0.16186% |
| CADJPY | 116.168000 | +1.15815% |
| CHFJPY | 201.952000 | +0.94269% |
| NZDJPY | 92.707000 | +0.11555% |
| GBPCHF | 1.050720 | -0.6956% |
| EURCHF | 0.910920 | -0.23656% |
| USDMXN | 17.968150 | +1.47335% |
| USDZAR | 17.117690 | +2.29899% |
| USDTRY | 44.289300 | +0.10488% |
| USDRUB | 83.127100 | -3.50642% |
| USDSEK | 9.368600 | +1.04392% |
| USDCNY | 6.885200 | -0.20437% |
Upcoming Important Events
| Time | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 21.03.2026 | ||||
| 17:30 | 🇺🇸 | Fed Chair Powell Speech | ||
| 23.03.2026 | ||||
| 23:30 | 🇯🇵 | Inflation Rate YoY (Feb) | 1.3 | 1.5 |
| 24.03.2026 | ||||
| 08:30 | 🇩🇪 | Manufacturing PMI (Mar) | 50.7 | 50.9 |
| 08:30 | 🇩🇪 | S&P Global Manufacturing PMI (Mar) | 49.8 | 50.9 |
| 09:30 | 🇬🇧 | S&P Global Manufacturing PMI (Mar) | 51.1 | 51.7 |
| 09:30 | 🇬🇧 | S&P Global Manufacturing PMI Flash (Mar) | 51.1 | 51.7 |
| 09:30 | 🇬🇧 | S&P Global Services PMI (Mar) | 53 | 53.9 |
| 09:30 | 🇬🇧 | S&P Global Services PMI Flash (Mar) | 51.8 | 53.9 |
| 25.03.2026 | ||||
| 00:30 | 🇦🇺 | CPI (Feb) | 101.4 | 101.33 |
| 00:30 | 🇦🇺 | CPI MoM (Feb) | 0.3 | 0.3 |