Goldman Sachs lowers its Brent crude oil price forecast after an agreement involving the Strait of Hormuz, according to commentary reported by NDTV Profit. The firm’s assessment reflects expectations of reduced supply-risk premiums in oil markets following the deal, which can weigh on forward prices. At the same time, Goldman Sachs signals that risks remain two-sided. The outlook continues to hinge on how quickly any easing around Hormuz translates into sustained improvements in physical supply and shipping conditions, as well as on broader market factors that can offset the benefit of reduced geopolitical concern. Those factors include demand trends, production levels, and possible future developments affecting regional stability. Overall, the update frames the forecast cut as linked to improved expectations for the Hormuz-related risk environment, while emphasizing that uncertainty persists and could move prices either direction depending on subsequent events and market reactions.