Goldman lowers Brent forecast to $80 for Q4 2026
Goldman Sachs cut its Q4 2026 Brent forecast to $80 from $90.
The revision is due to the US-Iran Hormuz deal, which brings forward Persian Gulf export normalisation to end-July.
The 2027 average of $75 for Brent and $70 for WTI points to a sustained oversupply dynamic once inventories begin rebuilding.