Goldman Sachs is playing the game—using the 60-day negotiation window plus 6.6 million barrels of incremental supply from Hormuz to effectively pre-price the geopolitical risk premium into the market, leaving a “multi-head long/short double-kill” script in place for both bulls and bears.

CoinWorld News, Goldman Sachs expects that if US-Iran negotiations last 60 days and Iran’s oil waivers are reinstated, Persian Gulf oil flows will be restored before the end of July, at which point the Strait of Hormuz would need to increase throughput by 6.6 million barrels per day. If negotiations break down and tanker attacks escalate, while the US may impose a blockade on Iranian oil, Persian Gulf flows could decline further.