Goldman Sachs, Morgan Stanley cut oil forecasts as US-Iran tensions ease

Oil prices rise as investors continue to watch U.S.-Iran moves, Citi sees 'overhang' disappearing

U.S. Treasury authorized a 60-day Iranian oil import license through August 21, lifting Brent crude 0.36% amid de-escalation signals. Energy inflation easing reduces capex volatility for IT infrastructure and cloud, enabling predictable budget planning.