Goldman trims Brent 2026 forecast to $80 after Trump deal
Business
Goldman Sachs now expects Brent crude oil to cost $80 a barrel in late 2026, down from its earlier $90 prediction.
This update follows President Trump's recent deal to reopen the Strait of Hormuz, a key route for global energy.
Thanks to the agreement, Persian Gulf oil exports should return to pre-war levels by the end of July.
Goldman flags Iran output, $130 risk
Goldman also says Iranian oil output could climb if sanctions are eased as part of these talks.
Still, it warns prices could shoot up past $130 if trouble flares up again in the Strait or shipping gets blocked.
Even with a possible global oil surplus next year, prices might stay high because countries are stockpiling and there is still plenty of geopolitical uncertainty.