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Oil Price - Wall Street majors reduce oil price forecasts on Iran deal to reopen Strait of Hormuz

16-06-2026 02:01

Goldman Sachs Group Inc and Morgan Stanley have announced lower guidance for crude oil rates in the final quarter of this year.

Oil prices aren't likely to fall lower for now - market analyst

Oil prices continued their downward trend today, albeit at a slower pace. After tumbling 5% on Monday, Brent crude benchmark is trading at $82.72 a barrel, bringing it to the lowest levels since early ...

Oil price hits lowest since early March despite doubts over how quickly strait of Hormuz will reopen – business live

Rolling coverage of the latest economic and financial news ...

Oil prices fall further as Trump says Strait of Hormuz will reopen this week

Brent crude and WTI prices were falling again as President Donald Trump said the Strait of Hormuz could reopen as soon as Friday.

Banks Slash Oil Price Forecasts After U.S.-Iran Breakthrough

Major investment banks lowered their oil price forecasts after progress in U.S.-Iran negotiations increased expectations of a reopening of the Strait of Hormuz and a recovery in global oil supplies.

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