Goldman Sachs sees Brent price upside risks in short term, medium-term skewed to downside

Goldman Sachs:

• Sees upside risks to Brent prices in short term, with Brent rising to
  mid-$80s in 2025H1 if Iran supply drops 1mb/d on tighter sanctions
  enforcement
• Sees medium-term
  price risks skewed to the downside given high spare capacity
• Estimates that Brent
  drops to the low $60s in 2026 in a 10% across-the-board tariff
  scenario or if OPEC supply rises through 2025

This article was written by Eamonn Sheridan at www.forexlive.com.