Goldman Splits Oil Forecast: $80 Base Case, $120 If Hormuz Stays Shut
Goldman's Daan Struyven says Brent near $90 now could exceed $120 if Hormuz stays shut through 2027.
- Base case: Brent at $80 in Q4 2026, $75 in 2027, absent wider war.
- UBS's Henri Patricot sees $100-plus now, $120 if conflict outlasts summer.
- Persian Gulf oil flows have dropped below 45% of prewar levels, Hormuz near standstill.
Why it matters: Does anyone still think a bank's price target moves one barrel through the Strait of Hormuz?
ZeroHedge (citing Goldman Sachs analyst Daan Struyven) ↗ · Jul 21, 20267/21/26 · ✓ Checked✓ Check