Strait Of Hormuz

A red oil tanker seen from directly above on dark blue water, with a tugboat alongside.

The IMF Publishes Its Full Outlook on Tuesday. Its July Forecast Assumed $89 Oil This Year, and Brent Is Above $100.

The IMF will publish its full October World Economic Outlook on Tuesday 13 October at the Annual Meetings in Bangkok. In July it forecast global growth of 3.0 per cent and assumed oil would average $89 a barrel in 2026. Brent traded between about $104 and $107 on Monday. The new figures have not been released.

By Thomas Gutierrez 1 hour ago

A crude oil tanker with a dark blue hull and red waterline lies at anchor on calm blue water under a clear sky, its white superstructure at the stern. No other vessels are visible.

The Numbers

Oil Rose 3 Per Cent on a Rejected Offer. The Strait It Is Pricing Logged 78 Ships in 20 Days.

President Trump said on Saturday he had rejected Iran's seven-day plan to reopen the Strait of Hormuz, and Brent crude rose more than 3 per cent in Asian trading on Monday to about $107. IMF PortWatch recorded 78 transits of the strait between 1 and 20 September, 19 of them tankers. In the same 20 days of 2025 it recorded 1,731.

By Cory Chamberlain September 28, 2026

Strait Of Hormuz

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The IMF Publishes Its Full Outlook on Tuesday. Its July Forecast Assumed $89 Oil This Year, and Brent Is Above $100.

Oil Rose 3 Per Cent on a Rejected Offer. The Strait It Is Pricing Logged 78 Ships in 20 Days.