business / news / / City A.M.
Goldman Sachs warns that oil prices could stay above the $100 a barrel mark for the rest of 2026 if the Strait of Hormuz stays shut for another.
Goldman Sachs warns oil could stay above $100 a barrel through 2026 if Hormuz remains closed.
KEY POINTS
- Iran barred tankers from the Strait of Hormuz hours after agreeing to a temporary ceasefire.
- Goldman's base-case expects oil flows to resume this weekend, with Brent falling to $80 by late 2026.
- The Strait's closure is described as one of the most severe supply shocks in modern history.
COMPANIES
Summarized by Newsio from City A.M.. How we summarize →