Goldman Sachs Group Inc. says the global oil market is likely to move back into oversupply as the effects of the Iran war diminish and trade flows through the Strait of Hormuz recover. Both outlets report Goldman’s assessment that reduced conflict-related disruption will ease earlier supply constraints, allowing more oil to reach world markets. At the same time, improving shipping conditions through the Strait supports increased throughput, which can lift effective supply and reduce the risk of tight balances. The commentary also points to changes in how countries manage inventories, describing a period in which nations rebuild or replenish stockpiles. Taken together, the forecasts suggest that any earlier tightening driven by heightened geopolitical risk may be replaced by a surplus dynamic as flows normalize and inventories are replenished. The reports attribute the outlook to Goldman’s market view and do not present additional estimates or alternative scenarios from other firms in the excerpts provided.