
Daan Struyven
Goldman Sachs co-head of global commodities research; Wall Street's leading oil forecaster in 2026.
On 22 July, Daan Struyven's Goldman Sachs TEAM treated Brent above $120 as a conditional fourth-quarter case if Hormuz disruption persisted, while its base case remained $80.
Last refreshed: 22 September 2026 · Appears in 1 active topic
What is Goldman Sachs forecasting for Brent crude as US-Iran talks near a deal?
Timeline for Daan Struyven
Set out a contingent Brent upside case above $120 for Q4
Iran Conflict 2026: Brent at $92 as premiums idle tankersMentioned in: Brent grinds to $70 into OPEC+ weekend
European Oil MarketsMentioned in: WTI longs hold, Brent book stays thin
European Oil MarketsMentioned in: Managed money flushes crude book flat
European Oil MarketsMentioned in: Brent hits two-month low on deal bets
Iran Conflict 2026Background
Daan Struyven is Goldman Sachs' co-head of global commodities research and head of oil research. Coverage on 19 March identified him as the bank's oil-research lead when Goldman assessed the market consequences of prolonged disruption to Strait of Hormuz flows.
His public work centres on Brent Crude, supply disruption and the economic effects of energy prices. On 22 March, Goldman linked his oil analysis to a 25% estimate of US recession probability, showing why his calls reach beyond commodity traders.
Struyven matters because his forecasts distinguish Goldman's central expectation from higher-price scenarios tied to specified physical and geopolitical conditions. That distinction remained visible in the bank's 22 July fourth-quarter outlook.
His warning defined oil risk
On 19 March, Struyven warned that Brent could exceed its 2008 intraday record of $147.50 if Strait of Hormuz flows stayed depressed for 60 days. The call framed his role as an analyst of a supply shock rather than a commentator on ordinary price cycles.
On 22 March, he raised Goldman's estimate of US recession probability to 25% as crude prices remained elevated during the Hormuz disruption. That linked his oil work to the wider economic consequences of sustained energy costs.