Major Wall Street Banks Lower Oil-Price Forecasts Due to Faster Gulf Supply Recovery
Following an interim U.S.-Iran deal that aims to reopen the Strait of Hormuz, major Wall Street banks have revised their oil-price forecasts downward. Goldman Sachs now expects Brent crude to average $85 a barrel this year instead of $90 previously, while Morgan Stanley adjusted its Dated Brent forecast for Q4 2026 from $100 to $90 and sees it at $80 in the following year.
