Energy — Middle East Tensions Reshape Global Energy Landscape

Energy · 2026-04-27

The Middle East conflict is now the dominant force shaping global energy markets across multiple vectors simultaneously. Goldman Sachs has raised its Brent crude forecast to $90/bbl for Q4 2026 — notably still well below the current $106.68 spot price — signaling that even bullish Wall Street estimates see downside normalization but acknowledge persistent upside risk. The coordinated IEA release…