Brent Under Pressure as Supply Surplus Outlook Builds. Forecast as of 01.07.2026

The IEA and Goldman Sachs expect significant oil market surpluses in 2027. Combined with the reopening of the Strait of Hormuz, rising Iranian and Russian exports, and declining demand in Asia and Europe, this factor is pushing Brent prices lower. Let's analyze the situation and develop a trading plan.Major Takeaways The US dollar is putting pressure on Brent. Exports from Iran and Russia are growing rapidly. The IEA and Goldman Sachs expect a global oil market surplus in 2027. Profits can be ta