About this episode

The episode discusses the potential impact of the US-Iran deal on oil prices and market dynamics.

Oil prices are expected to fall further following news that the US and Iran agreed to end hostilities and reopen the Strait of Hormuz. But oil is unlikely to return to pre-war levels for some time, according to Goldman Sachs Research's Daan Struyven, co-head of global commodities research and head of oil research. Struyven says that oil is still at risk of rising because of lingering effects from the conflict, persistently low inventory levels, and the possibility that the Strait of Hormuz never fully reopens. Goldman Sachs Research projects Brent oil will average $75 per barrel next year, down from about $80 at the time the podcast was recorded. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past…

People in this episode

Guest: Daan Struyven

Topics covered

• oil prices
• US-Iran relations
• global commodities
• market analysis
• energy sector

Keywords

• oil prices
• US-Iran deal
• Brent oil
• Goldman Sachs Research
• commodity market

Mentioned in this episode

Organizations: Goldman Sachs

Products: Brent oil

Places: US, Iran, Strait of Hormuz

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