# Brent Crude is expected to average above $100 per barrel this year if the Strait of Hormuz remains mostly shut to tanker traffic for another month, Goldman.

*business · news · 2026-04-09 · OilPrice*

## Key points

- Goldman Sachs forecasts Brent Crude above $100 per barrel if Hormuz remains closed another month.
- Despite a ceasefire, Iran still controls Strait of Hormuz vessel flows and transit permissions.
- Goldman Sachs cut oil price forecasts after the U.S.-Iran ceasefire announcement.
- If Hormuz traffic stays limited beyond a month, Brent could average $120 in Q3 and $115 in Q4.

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

[Read the full story on OilPrice](https://oilprice.com/Latest-Energy-News/World-News/Goldman-Another-Month-of-Hormuz-Closure-Means-Over-100-Brent-Throughout-2026.html)

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