# Brent crude futures were at $102.23 a barrel by 0810 GMT.

*business · news · 2026-04-13 · MarketScreener*

## Key points

- Morgan Stanley maintained its Brent crude forecast at $110 for Q2 2026 and $100 for Q3.
- Morgan Stanley expects oil supply chains to take months to normalize even if Hormuz reopens.
- Exports through the Strait of Hormuz are projected to recover 70% of lost volumes by July.
- Saudi Arabia set a record premium of $19.50 per barrel for Arab Light crude to Asia.

**Companies:** Morgan Stanley
**Countries:** Iran, United States, Kuwait, Iraq, Saudi Arabia

[Read the full story on MarketScreener](https://www.marketscreener.com/news/morgan-stanley-maintains-oil-price-forecasts-and-predicts-slow-recovery-in-supply-ce7e50ded889f723)

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