Goldman Sachs has outlined a scenario in which Brent crude remains trapped in an $80–90 per barrel range, driven by the persistent geopolitical standoff between the United States and Iran.
The investment bank’s latest analysis indicates that without a new diplomatic agreement or a significant escalation in tensions, the current risk premium is likely to sustain prices within this band.
This projection underscores the market’s sensitivity to Middle East stability.
While broader supply fundamentals have shown signs of softening, the threat to shipping routes and potential supply disruptions continue to cap downside risk for crude.
The bank’s view aligns with recent market behavior, where prices have stabilized despite broader macroeconomic headwinds.
The forecast comes as traders navigate a complex landscape of geopolitical uncertainty.