HORMUZ UNCERTAINTY KEEPS OIL PRICES HIGH Trump’s latest remarks have not changed forecasts, with Brent still expected to average around $113 in Q2, according to Oxford Economics. The main risk remains the Strait of Hormuz. With no clear plan to reopen it, supply disruptions are likely to continue, keeping upward pressure on oil prices. Analysts warn that the longer the strait stays effectively closed, the less effective reserves become—raising costs for the global economy.(*Walter Bloomberg)