Goldman Hikes Oil Forecasts Again as Hormuz Shock Builds

Yeah. So briefly, it looked like we were on track for a normalization in Hormuz. Flows by by mid-May when on that Saturday morning we did see a big pick up in flows.When on Friday Iran did communicate to the street was was open but and it turned out that very quickly flows dropped back again. And over the last few days actually flows have been lower, roughly 5% of normal levels versus a 10% of normal levels since the start of the war. On average, you know, we've gone sometimes down from day to day and headl ...