Multiple outlets report that major Wall Street banks are reducing their oil-price forecasts, citing expectations for a faster recovery in Persian Gulf supply. The adjustment reflects changes in the outlook for near-term crude availability, as supply flows from the Gulf are now viewed as recovering more quickly than previously expected. While specific forecast numbers vary by institution, the common theme is that improved supply prospects pressure the market’s assumptions about scarcity and support for higher prices. The updated views align with assessments that logistics and production disruptions that earlier constrained exports are easing, enabling additional barrels to return to the market. As a result, banks revise expectations for how oil prices may evolve over coming months, particularly in scenarios where demand does not offset the supply improvement. The reports emphasize that the revisions are based on evolving supply estimates rather than a single new event, and they indicate that further changes depend on continued monitoring of production, export flows, and market conditions in the region.