HORMUZ DISRUPTION TO LAST INTO H2: GOLDMAN POLL A Goldman Sachs survey of 837 investors shows growing expectations that shipping through the Strait of Hormuz will remain disrupted well into the second half of the year. • Most see disruption beyond June • 43% expect normalization only after July • Brent forecast clustered at $80–$90/bbl The outlook reflects stalled U.S.–Iran talks and fears of a prolonged supply shock in a key global oil route. Investors are also positioning for “short oil” if flows recover.(*Walter Bloomberg)