Goldman Sees Major Oil Deficit, Geopolitical Shifts, & Mixed Market Open

1. Goldman Sachs projects the oil market will swing from a major surplus to a deficit by Q2 2026, raising its Brent price forecast to $90/bbl due to potential Middle East production losses.
2. Geopolitical sentiment shows signs of easing after the U.S. stated it is open to negotiations with Iran, while Iran focuses on ensuring safe transit in the Strait of Hormuz.
3. Futures markets indicate mixed sentiment in early trade, with Japan's Nikkei futures rising 0.5% while U.S. S&P 500 and Nasdaq 100 futures dipped slightly by 0.1%.