Goldman Sachs cuts oil forecasts post-Hormuz deal

Goldman Sachs has lowered its forecast for Brent crude oil prices to $80 in the last quarter of 2026 and $75 in 2027, following the preliminary agreement between the United States and Iran to reopen the Strait of Hormuz. They anticipate Gulf exports to return to pre-war levels by the end of July, with a 12 million barrel per day increase in flows through the Strait, which could boost future oil demand.

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