1 Day
Source:
اقتصاد سكاي نيوز عربية
Goldman lowers oil price forecasts after Hormuz deal
Goldman Sachs lowered its oil price forecasts following the preliminary agreement between the United States and Iran on reopening the Strait of Hormuz. The bank increased its projections for 2026 and 2027, expecting Gulf exports to return to pre-war levels by the end of July. Oil prices declined significantly after the announcement, with Brent crude falling below $83 and West Texas Intermediate dropping below $81, amid expectations of a demand rebound and improved flow through the strait, potentially reaching up to 12 million barrels per day.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)