Oil futures started the day on the 27th with a rise of over 2% in early trading. This is attributed to the ongoing disruption in global crude oil supply, as peace talks between the United States and Iran have reached a stalemate, and oil shipments through the Strait of Hormuz remain at a restricted level. As crude oil futures prices have repeatedly fluctuated recently, traders are considering not only when oil exports will resume from the Persian Gulf but also the time it will take for regional production to recover to pre-war levels. Previously, on the 26th (local time), U.S. President Donald Trump warned that Iran's inability to export oil is worsening its domestic economy and public opinion, which could lead to long-term damage to its energy export infrastructure. Meanwhile, Goldman Sachs analysts on the same day pushed back their forecast for the normalization of exports through the Strait of Hormuz from mid-May to late June, while also raising their Q4 WTI crude oil price forecast from $75 to $83 per barrel.
