# Goldman Sachs has raised its oil forecasts for the year.

*business · news · 2026-04-27 · International Business Times*

## Key points

- Goldman Sachs now forecasts Brent crude at $90 by Q4, up from its previous $80 estimate.
- Oil production loss of 14.5 million barrels per day in the Persian Gulf is rapidly depleting global inventories.
- Iran sent the U.S. a new proposal to end the war and reopen the Strait of Hormuz, excluding nuclear negotiations.
- President Trump has not yet responded and signals intent to maintain the Strait of Hormuz blockade.

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

[Read the full story on International Business Times](https://www.ibtimes.com/goldman-sachs-raises-oil-forecasts-2026-strait-hormuz-remains-closed-3801999)

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