Commodities

Goldman Sachs cuts oil price forecast on Iran deal

By Michele Maatouk

Date: Tuesday 16 Jun 2026

(Sharecast News) - Goldman Sachs cut its oil price forecast on Tuesday as it now assumes an earlier recovery in Middle East supply following a deal to reopen the Strait of Hormuz.
The bank said it now expects Persian Gulf exports to normalise to pre-war levels by the end of July,...

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