Goldman Sachs resets oil-price bets as war rages on
Airfind news item
By Charley Blaine
Published on March 21, 2026.
The U.S.-Israel war against Iran is not yet close to a conclusion, with the price of crude oil increasing significantly since the end of January. Goldman Sachs has stated that oil prices will likely continue to rise, but how long depends on the reopening of the Strait of Hormuz, which allows regular flows of crude, liquefied natural gas, and related products from the eight nations that transport 20% or more of the crude oil and 20% of the LNG from the region. The recovery will be faster if the Strait is fully accessible by April, according to Goldman Sachs. If the United States limits Iranian exports, Brent crude will command a higher premium over Light Sweet crude. The war has also impacted oil prices, with gasoline prices soaring at $3.912 per gallon and stocks lower.
Read Original Article