Goldman Sachs cuts Brent forecast to $80 as Hormuz reopening eases supply fears

Iran Herald · June 17, 2026 Sanctions

New Delhi [India], June 17 (ANI): Goldman Sachs has cut its Brent crude oil price forecast for the fourth quarter of 2026 to USD 80 per barrel from USD 90 earlier, citing an expected faster recovery in Middle East oil supply following a deal to reopen the Strait of Hormuz.