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Oil Prices Rise on Red Sea Disruptions | Durham News
Two oil tankers rerouted in the Red Sea after Houthi claims of attacks, while Kazakhstan’s exports hit another blow in the Black Sea—all on the same day. Goldman Sachs notes that while their Q4 2026 oil price forecast for Brent crude remains at $80/barrel, the risk of higher prices has increased. Though neither disruption alone is massive, together they’re enough to push short-term prices up without altering the long-term outlook. With the Red Sea a key chokepoint, combined with threats of a full maritime embargo against Saudi Arabia, rerouting capacity is limited. Goldman maintains its…
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