Goldman Sachs raises oil price forecast amid Strait of Hormuz closure

12 articles · Updated · Bloomberg · Apr 27

Goldman Sachs now expects Brent crude to average $90 per barrel in Q4 2026, up from $80, citing extreme inventory draws.
The bank also increased its oil price forecasts for the current and third quarters, reflecting ongoing supply disruptions in the Persian Gulf.
This marks the latest in a series of forecast revisions as the prolonged closure of the Strait of Hormuz continues to impact global oil markets.

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