Hormuz Woes Seen Lingering Into Second Half, Goldman Poll Shows
The USS Rafael Peralta enforces a maritime blockade against an Iranian-flagged ship attempting to sail toward an Iranian port on April 24.
Source: US NavyWall Street is growing more convinced that shipping through the Strait of Hormuz will remain impaired into the second half of the year, highlighting expectations for a longer-lasting supply shock.
A majority of surveyed investors expect flows through Hormuz to be disrupted beyond the end of June, and 43% of respondents don’t expect shipping to return to normal until after July, according to a poll by Goldman Sachs Group Inc. A third of respondents expect Brent crude to finish this year between $80 and $90 a barrel, Goldman’s Marquee MarketView survey showed.