Fitch Ratings said in its latest Global Economic Outlook that, under an oil crisis scenario driven by a U.S.-Iran war, it would raise its average 2026 Brent crude price assumption to $87 a barrel from the $70 level set in March if the Strait of Hormuz remains closed for 14 weeks and begins reopening in July. In the same scenario, Fitch lowered its 2026 global growth forecast by 0.2 percentage point to 2.4%, highlighting the economic impact of a prolonged disruption at the key oil shipping chokepoint.