[Oil Prices Retreat, Market Lowers Expectations for Bank of England Rate Hikes This Year] Jin10 Data, August 26 – As oil prices retreat, the market's expectations for the Bank of England's rate hikes in 2026 have slightly decreased. Negotiations between Iran and Oman regarding the reopening of the Strait of Hormuz have contributed to the drop in oil prices, easing inflation concerns. LSEG data shows that the market currently expects the Bank of England to raise rates by a total of 23 basis points by the end of the year, down 2 basis points from Tuesday's forecast.