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flag Goldman Sachs raises oil forecasts to $90 amid Strait of Hormuz closure.

flag Goldman Sachs raised its oil price forecasts, predicting Brent crude will reach $90 a barrel and WTI $83 in the fourth quarter of 2026. flag The bank cited a severe supply shock from the Strait of Hormuz closure, which has caused massive production losses and record inventory draws, creating a market deficit. flag Analysts warn that the tight supply, driven by U.S.-Iran tensions, may force demand destruction and significantly impact global inflation and economic planning.

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