Goldman Sachs Raises Brent Crude Forecast to $90 Amid US-Iran Conflict

Goldman Sachs increased its Q4 2026 Brent crude forecast to $90 per barrel, citing inventory draws due to the prolonged closure of the Strait of Hormuz from the US-Iran conflict. This has pushed Brent crude prices higher, benefiting energy stocks with refining margins and earnings leverage. BP is highlighted as a top-performing oil company with strong Q1 2026 results.

By Joel South Tue, April 28, 2026 at 9:18 PM GMT+3 5 min read · Yahoo Finance · April 28, 2026, 18:18 UTC

Tickers: $BP $GS $HAL $NVDA $OXY $SLB

Topics: BP Brent crude energy stocks Goldman Sachs forecast oil prices US-Iran conflict

Read the full article at Yahoo Finance

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