Goldman Sachs Group Inc. said oil output from Persian Gulf nations is running about 14.5 million barrels per day below pre-war levels this month, a decline of 57%. The bank estimates any restoration of production would likely take a few months, assuming a full and safe reopening of the Strait of Hormuz and no renewed strikes. It added that prolonged disruption to the strait would delay recovery further and extend supply curtailments.

2026-04-24

Goldman Sachs Group Inc. said oil output from Persian Gulf nations is running about 14.5 million barrels per day below pre-war levels this month, a decline of 57%. The bank estimates any restoration of production would likely take a few months, assuming a full and safe reopening of the Strait of Hormuz and no renewed strikes. It added that prolonged disruption to the strait would delay recovery further and extend supply curtailments.