Crude Oil Q2 2026 Outlook: Hormuz Risks Dominate WTI Price Forecasts.Crude oil prices are entering Q2 2026 at a critical inflection point, with Brent and WTI forecasts increasingly driven by US–Middle East tensions and risks to the Strait of Hormuz. As of March 27, 2026, oil prices remain elevated near the $100 range, reflecting persistent supply disruption fears, rising geopolitical risk premiums, and tightening global energy markets.