# Brent crude has reached its highest level in almost three weeks.

*fintech · news · 2026-04-27 · The Sunday Times*

## Key points

- Goldman Sachs raised its Brent crude forecast for Q4 to $90 a barrel from $80.
- Exports from the Strait of Hormuz are now expected to normalise only by the end of June.
- Goldman estimates 14.5 million barrels of crude oil are lost daily while the strait remains closed.
- Oil prices rose after Iran released video of commandos boarding a cargo ship in the Strait of Hormuz.

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

[Read the full story on The Sunday Times](https://www.thetimes.com/business/energy/article/oil-prices-rise-us-cancels-iran-war-talks-wj3t8fk68)

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