Bloomberg Markets reports that Citigroup expects Brent to extend losses toward $60 a barrel by the end of the year as the recent shock linked to the Strait of Hormuz fades. For oil shipping, a lower geopolitical risk premium around the Gulf’s main export chokepoint points to steadier tanker movements from key Middle East loading hubs.
For TankerMap users, the call matters because Hormuz conditions directly shape crude export flows, voyage risk and freight sentiment across VLCC trades. If disruption concerns continue to ease, attention is likely to return to underlying supply-demand balances, with freight markets and cargo routing reacting more to volumes than to immediate chokepoint risk.