GOLDMAN LIFTS OIL OUTLOOK ON SUPPLY RISKS
Goldman Sachs raised its oil forecasts, seeing Brent at ~$90 and WTI at ~$83 in Q4, citing reduced Middle East supply and prolonged disruption from the Iran war.
Prices have already jumped ~40% since the conflict began, with risks skewed higher due to shortages and tight product markets.
In a worst-case scenario, Goldman sees Brent topping $100 if Gulf exports recover more slowly. Citigroup has also lifted its outlook, signaling sustained price pressure.