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Brent Holds Above $100 as Iran Hormuz Proposal Fails to Reset Goldman, Citi
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2026-04-28 06:25

CoinEx News: Brent crude held in the $106-$108 range and WTI near $95-$97 on April 28 as traders assessed Iran's Strait of Hormuz proposal, with ANZ noting both sides remain far from agreement, per Wall Street Journal reporting. Goldman raised its year-end Brent forecast to $90 from $80 on April 27 while Citi set a Q2 base case of $110 with a $150 bull case if disruptions extend through June, showing institutional revisions now agree on direction but split mainly on duration.

For Bitcoin, the important transmission is the rate path rather than the crude price itself: a Hormuz-driven inflation pulse could delay Fed cuts and keep real yields firm, weighing on BTC's liquidity beta near term, while a persistent shock could later revive the digital-gold and non-sovereign-reserve bid.


Source: CoinEx

Disclaimer: The current content is provided for reference only and does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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