Goldman Sachs said in a report on Tuesday that if oil exports to the Persian Gulf are interrupted again, it may continue to put upward pressure on oil prices in the short term; adding that even if the geopolitical situation eases, there is still uncertainty about the next stage of oil supply recovery, and the pace may be slower than the initial rebound. Goldman Sachs estimates that after the US and Iran signed a memorandum of understanding in June, oil exports from the Gulf region had returned to more than 80% of pre-war levels, but after a new round of tanker attacks in the Strait of Hormuz, exports fell below 50% in the past week, or about 11 million b/d. Goldman Sachs highlighted the two-way risk it faces in predicting the price of Brent crude oil. The bank said that if the recovery of crude oil exports from the Gulf region continues to stagnate, the price of Brent crude oil may break through 110 US dollars in the fourth quarter of this year. However, the bank said that if regional tension eases and production recovers faster than expected, oil prices may fall to the $60 range by the end of the year.

Goldman Sachs said in a report on Tuesday that if oil exports to the Persian Gulf are interrupted again, it may continue to put upward pressure on oil prices in the short term; adding that even if the geopolitical situation eases, there is still uncertainty about the next stage of oil supply recovery, and the pace may be slower than the initial rebound. Goldman Sachs estimates that after the US and Iran signed a memorandum of understanding in June, oil exports from the Gulf region had returned to more than 80% of pre-war levels, but after a new round of tanker attacks in the Strait of Hormuz, exports fell below 50% in the past week, or about 11 million b/d. Goldman Sachs highlighted the two-way risk it faces in predicting the price of Brent crude oil. The bank said that if the recovery of crude oil exports from the Gulf region continues to stagnate, the price of Brent crude oil may break through 110 US dollars in the fourth quarter of this year. However, the bank said that if regional tension eases and production recovers faster than expected, oil prices may fall to the $60 range by the end of the year.