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Coin World News: UBS Group has raised its oil price forecasts for 2026-2027 to reflect the closure of the Strait of Hormuz and ongoing geopolitical tensions in the Middle East. UBS raised its 2026 oil price forecast by $14 to $86/barrel and increased its 2027 oil price forecast by $10 to $80/barrel. Analysts stated: "This forecast is based on the assumption that the conflict will persist for another 2-3 weeks until early April, while oil flows through the Strait of Hormuz will remain severely reduced. We assume that major oil fields and terminals will not be damaged, and flows through the Strait of Hormuz will gradually recover starting in April, though not to completely normal levels."