Wall Street's major banks assess the oil market: "racing against time"! Whether the oil price breaks records will depend on June.

date
11/05/2026
According to the Securities Times APP, as the blockade of the Strait of Hormuz enters its 11th week, Wall Street is reassessing the global crude oil pricing framework with unprecedented density. Over the weekend, both the US and Iran once again rejected each other's ceasefire proposals, causing Brent crude oil to surge by 4.6% to $105.99 per barrel on Monday. Since the outbreak of the Iran war at the end of February, oil prices have risen by nearly 50%. From Morgan Stanley's "race against time" to Citibank's warning of "tail risks," to Barclays' rare hawkish statement that "risks can only go up," Wall Street is using heavyweight research reports to collectively outline a spectrum of oil price paths from "moderate upside" to "historical highs" - forming the core framework for assessing global macroeconomic impact in the coming months.