Goldman Sachs flags upside risks to oil prices in near term and into 2027

NodeGuardian · 2026-03-25T20:04:05+00:00

Goldman Sachs warns of significant upside risks for oil prices, potentially exceeding $100 per barrel due to supply shocks, particularly amid escalating tensions in the Middle East. While a gradual recovery is expected, risks remain high through 2027.

NodeGuardian

2026-03-25 20:04:05

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Goldman Sachs has indicated that oil prices face significant upside risks both in the near term and stretching into 2027, potentially pushing Brent crude above $100 per barrel due to persistent supply shocks. The bank’s warning comes as Brent crude surged above $119 per barrel following an Iranian attack on Middle Eastern energy facilities, escalating the conflict with Israel. While Goldman’s base case predicts a gradual recovery and an easing of Brent prices to the $70s by late 2026, it emphasizes the ongoing risks tied to the Iran war and the uncertain reopening of the Strait of Hormuz.

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