# Brent crude jumped 2.1 per cent in early Monday trading to $107.50, with price up 78.5 per cent this year to date.

*business · news · 2026-04-27 · City A.M.*

## Key points

- Goldman Sachs raised its Brent crude forecast to $90 per barrel for Q4, up from $80.
- Middle East oil exports normalization is delayed to end of June, not mid-May as previously expected.
- Gulf production capacity has suffered long-term damage of about 500,000 barrels per day.
- Goldman warns the economic shock from oil price spikes will exceed the headline price impact.
- Iran proposed extending the ceasefire via Pakistan, but the US response is currently unclear.

**Companies:** Goldman Sachs
**Countries:** United States, Iran, Pakistan

[Read the full story on City A.M.](https://www.cityam.com/goldman-sachs-raises-oil-price-forecast-as-war-disruption-rages-on/)

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