The investment bank Goldman Sachs has raised its forecast for world oil prices after the closure of the Strait of Hormuz, Bloomberg reported.
According to analysts, Brent crude oil prices could average 90 USD per barrel in the fourth quarter, compared to the previously expected 80 USD. The revision of the forecast is due to a sharp drop in oil supplies from the Persian Gulf.
Goldman Sachs expects exports from the region to recover only by the end of June, with a supply deficit of approximately 9.6 million barrels per day in the current quarter. However, the bank warns of the risks of further price increases and the negative impact of the crisis on the global economy.