Goldman Expects Strait Of Hormuz Flows To Restart After 5 Days; Fully Normalize in 4 Weeks

With oil prices posting daily gains - Brent rose as high as $84 this morning, before paring gains and dropping back to $81 - even after Trump's decree to provide insurance and escorts, if needed, to ship transiting the Strait of Hormuz, we are starting to see bank after bank - which until recently were very bearish on oil due to "structural oversupply" - raise their price targets.  The latest among them is Goldman Sachs, which in a