Crude Oil Prices Rise as Strait of Hormuz Restrictions Persist
Crude oil prices rose nearly 3% on April 27, 2026, due to ongoing restrictions in the Strait of Hormuz and stalled US-Iran negotiations. Brent crude reached $108.36 per barrel, its highest in three weeks, while WTI climbed to $96.85 per barrel. Analysts from Goldman Sachs have raised their price forecasts for the fourth quarter, citing reduced Middle East production and delayed normalization of exports through the strait.
Topics: Brent crude Goldman Sachs analysis oil prices Strait of Hormuz US-Iran tensions WTI