Goldman Sachs warns oil could stay above $100 longer on supply shocks in Oil & Companies News 23/03/2026 Goldman Sachs said oil prices may remain elevated for longer, with risks skewed to the upside as supply disruptions tied to the Iran conflict could persist beyond the near term. The bank said prices are likely to continue rising in the short term while flows through the Strait of Hormuz remain constrained, adding that Brent could surpass its 2008 peak if markets focus on the risk of prolonged disruption. It also flagged the potential for a wider Brent-WTI spread if concerns grow over U.S. export restrictions. Beyond the immediate shock, there are several other factors that could keep prices high. Goldman Sachs said historical supply disruptions show production can remain depressed for years, often due to infrastructure damage and underinvestment. Iran and other Gulf producers accounted for about 30% of global crude output in 2025, underscoring the scale of potential supply risk. There remains possibility of increased strategic stockpiling, as countries rebuild reserves after the current disruption and raise long-term targets. OPEC could deploy spare capacity once flows normalize, helping stabilize the market. At the same time, sustained high prices may curb demand by slowing economic growth and accelerating efficiency gains and fuel switching. Goldman’s base case assumes a gradual recovery in flows from April, with Brent easing to the $70s by the fourth quarter of 2026. Still, its scenario analysis suggests a higher-for-longer outcome remains plausible. In cases of extended disruption and lasting supply damage, oil prices could stay above $100 for a prolonged period, the bank said. Oil prices on Thursday had pulled back from session highs but were still solidly higher, after Iran attacked key energy infrastructure sites in the Middle East, exacerbating worries over crude supply disruptions. Traders also digested a host of central bank commentary on the oil shock, with the Federal Reserve, the European Central Bank (ECB), and the Bank of England (BoE) saying they would take a wait-and-watch approach as the war unfolded. Brent Oil future, the global benchmark, initially jumped as much as 10.9% to $119.11 a barrel on Thursday, before steadily paring those gains. The contract was last up 2.3% to $109.79 a barrel at 12:57 ET (16:57 GMT), its highest level since late July 2022. Source: Investing.com 2026-03-23 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share