According to Goldman Sachs, how much below pre-war levels was Persian Gulf crude production in June, and what factor could slow its recovery?

Persian Gulf crude production in June was still about 10.5 million barrels a day below pre-war levels, according to Goldman Sachs estimates; the firm stated that 'Hormuz disruptions could slow down the production recovery' as Middle Eastern producers restart shut-in wells.

What impact have recent attacks on tankers had on oil flows through the Strait of Hormuz, and what is Goldman Sachs' current estimate of flow levels?

Recent attacks on tankers have caused oil flows through the Persian Gulf to retreat closer to 70% of normal, after having recovered earlier to more than 80% of pre-war flows within the first 10 days following the reopening of Hormuz, according to Goldman Sachs.

Goldman Says Hormuz Flare-Up May Delay Recovery in Oil Supplies

Jul 8, 2026

Goldman Sachs warns renewed Strait of Hormuz tensions may delay Middle Eastern oil supply recovery, citing halted shipping and flows dropping to 70% of normal after recent tanker attacks.

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