Why have spot Brent futures fallen 22% from the late March peak despite still low flows through Hormuz? According to Goldman's commodity desk, there are two main demand-related drivers...

Goldman warns of potential supply shock from Strait of Hormuz disruptions. Crude oil reaching a new all-time high by September 30 at 21.5% YES.

Why have spot Brent futures fallen 22% from the late March peak despite still low flows through Hormuz? According to Goldman's commodity desk, there are two main demand-related…