Goldman Flags $100-Plus Brent If Hormuz Shut for Another Month

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Brent crude is set to average more than $100 a barrel right through 2026 if the Strait of Hormuz were to remain closed for another month, according to Goldman Sachs Group Inc.“The situation remains fluid,” analysts including Daan Struyven said in a note following the start of a two-week ceasefire between the US and Iran, noting comments from US Vice President JD Vance that the truce was fragile. “We continue to see the risks to our price forecast as skewed to the upside.”