WALL STREET CUTS OIL PRICE FORECASTS ON IRAN DEAL HOPES Major banks are lowering oil-price forecasts as optimism grows over a US-Iran deal.…
WALL STREET CUTS OIL PRICE FORECASTS ON IRAN DEAL HOPES
Major banks are lowering oil-price forecasts as optimism grows over a US-Iran deal. Goldman Sachs cut its Brent outlook to $80 for Q4 and $75 for 2027, citing faster Gulf export normalization. Morgan Stanley expects gradual recovery of lost output through early next year, with Brent averaging $90 in Q3 before easing to $80 into 2026, as supply chains gradually reopen.
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