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Goldman Doubts Hormuz Security Measures Will Stabilize Oil Market

Bloomberg Markets •
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Goldman Sachs analysts express significant doubt that US security measures will resolve the Hormuz tanker crisis, stating there's 'not a ton of confidence' in naval escorts' effectiveness against drone threats. Samantha Dart, Goldman's co-head of global commodities research, highlighted practical challenges in protecting the large number of tankers. President Trump's proposal for US military escorts and insurance faces skepticism amid the waterway's effective closure since the Middle East conflict erupted. Goldman raised its Brent crude forecast to $76 per barrel for Q2, up $10, but this remains far below current prices near $85. The forecast assumes only five days of low flow followed by recovery; if disruptions last five weeks, Brent could spike above $100.