Goldman Sachs Lowers Oil Price Forecasts Due to Faster Supply Recovery in Hormuz

Goldman Sachs has revised its oil price forecasts downward for late 2026 and 2027, citing an accelerated recovery of supply following the reopening of the Strait of Hormuz. The bank now expects Gulf exports to return to pre-conflict levels by July instead of August.

By Fiona Craig Sun, June 21, 2026 at 6:21 PM GMT+3 2 min read · Yahoo Finance · June 21, 2026, 15:21 UTC

Goldman Sachs Lowers Oil Price Forecasts Due to Faster Supply Recovery in Hormuz

Tickers: $GS

Topics: Goldman Sachs oil price forecasts Strait of Hormuz

Read the full article at Yahoo Finance

More World news

AiPrise Launches Token Sharing Infrastructure to Streamline Compliance Verification PR Newswire · November 12, 2026, 19:39 UTC
Barclays Upgrades Steel Producers Cleveland-Cliffs and Reliance Amid Market Selloff Seeking Alpha · November 12, 2026, 19:32 UTC
Mercantile Bank Announces New Full-Service Banking Center in Holland, Michigan PR Newswire · November 12, 2026, 19:28 UTC
Broadwind Reports 48% Revenue Growth and Record Industrial Solutions Backlog in Q3 2026 Motley Fool · November 12, 2026, 19:25 UTC
MediWound Reports Q3 2026 Financial Results Amid Clinical Trial Expansion Motley Fool · November 12, 2026, 19:25 UTC
Twist Bioscience Reports Q4 2026 Revenue Growth and First Positive Adjusted EBITDA Motley Fool · November 12, 2026, 19:25 UTC
Chicago Atlantic BDC Reports Q3 2026 Growth in Net Investment Income and Record Portfolio Value Motley Fool · November 12, 2026, 19:25 UTC
Google Integrates Gemini 4 Hydrogen Model into Search to Enhance Complex Query Handling TechCrunch · November 12, 2026, 19:27 UTC
General Motors Partners with NorthStar Clean Energy for Large-Scale Solar Project in Michigan Seeking Alpha · November 12, 2026, 19:24 UTC
CNBC Select Names Accredited Debt Relief Best for Debt Resources PR Newswire · November 12, 2026, 19:25 UTC