Goldman Sachs: If US-Iran negotiations continue, Persian Gulf oil supply is expected to recover by the end of July

Golden Ten Data reported on July 9 that Goldman Sachs predicts if 60 days of negotiations continue and Iranian oil exemptions are restored, oil flows in the Persian Gulf will recover before the end of July, requiring the Strait of Hormuz to transport an additional 6.6 million barrels per day. If negotiations break down and tanker attacks escalate, while the US may blockade Iranian oil, Persian Gulf flows could decrease even further.