12:14 - 9.07.2026

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July 9, Fineko/abc.az. Investment bank Goldman Sachs stated that renewed tensions between the U.S. and Iran could disrupt shipping in the Strait of Hormuz and delay the recovery of oil supplies from the Middle East.

According to the bank's analysts, after the recent attacks on tankers, oil exports from the Persian Gulf have fallen to 70% of normal levels. US President Donald Trump's announcement about temporary peace agreement's termination and cancellation of exemptions for the sale of Iranian oil have already triggered a short-term spike in Brent oil prices above $80 per barrel.

Goldman Sachs notes that if further negotiations fail, supply volumes will continue to decline, but if new compromises are reached, exports could recover by the end of July.