Goldman Sachs forecasts oil drop due to Hormuz
Goldman Sachs has lowered its oil price forecasts following the United States and Iran signing a preliminary agreement to open the Strait of Hormuz. As a result, the price of Brent crude decreased from $90 to $80 in the fourth quarter of the year, and the expected average price in 2027 was reduced from $80 to $75. The bank also expects Gulf exports to return to pre-war levels by the end of July, although security risks continue to threaten production and export levels.
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