[UBS Lowers Brent Oil Price Forecast to $80 per Barrel for H2] According to a report by Jinse Finance, on July 2, UBS lowered its Brent crude oil price forecast for the third and fourth quarters to $80 per barrel and reduced its 2027 average Brent crude oil price forecast to $75 per barrel. The recent signing of a memorandum of understanding between the U.S. and Iran, as well as the increase in oil flow through the Strait of Hormuz, prompted the bank to lower its near-term oil price forecast.