Goldman Sachs slashes Q2 oil forecasts following U.S.-Iran ceasefire agreement. The bank cut Brent crude to $90 per barrel and U.S. crude to $87 per barrel for the second quarter of 2026, reflecting reduced geopolitical tensions in the Middle East. However, Goldman issued a critical warning that if the ceasefire collapses and regional production losses persist around 2 million barrels daily, Brent prices could spike to $115 per barrel. This scenario underscores the fragility of current market stability and the significant upside risk to energy costs if diplomatic efforts fail. Investors should monitor ceasefire developments closely as any breakdown could trigger substantial crude price volatility and impact broader inflation expectations and energy sector valuations.
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