Should Iranian supply fall by 1.75 million barrels a day, Brent would peak at US$90.
Goldman Sachs Group flagged the possibility of higher oil and gas prices after the US struck Iran, even as the bank’s base-case outlook hinges on major disruptions to supplies from the region.
If oil flows through the Strait of Hormuz were to drop by half for a month, and remained 10% lower for another 11, Brent would spike briefly to as much as US$110 ($141.81) a barrel, analysts including Daan Struyven said in a note.
