Goldman Sachs Forecasts Oil Prices to Remain Above $100 by End of 2026 if Strait of Hormuz Flows Don't Normalize
Goldman Sachs predicts that if oil flows through the Strait of Hormuz do not normalize by the end of July, Brent crude oil prices could remain above $100 per barrel by the end of 2026. This forecast is based on ongoing geopolitical tensions and stalled peace talks between the U.S. and Iran. Higher oil prices are expected to boost cash flows for oil companies.
Topics: geopolitical_risk Goldman_Sachs oil_prices Strait_of_Hormuz