Goldman Cuts Brent Oil Forecast To $80 On Trump’s Hormuz Deal

President Donald Trump declared, “The Deal with the Islamic Republic of Iran is now complete,” and told the world’s tankers to “start your engines” on Sunday. Goldman Sachs responded by cutting its crude forecast. The bank now sees Brent crude averaging $80 a barrel in the fourth quarter of 2026, down from $90 and $75 across 2027, down from $80. It cut its West Texas Intermediate forecasts to $75 and $70 over the same windows. But Goldman’s oil forecast is sending a more cautious signal than the headline. One Month Forward, Ten Dollars Off Goldman now assumes Persian Gulf exports…