Goldman Sachs analysts stated: "Since the announcement of the US-Iran ceasefire, the risk premium at the front end of the oil curve has decreased because people believe the likelihood of reaching a peace agreement in the short term has increased." Goldman Sachs said that currently, oil flows through the Strait of Hormuz have not increased, and US sanctions may further tighten supply. However, this pressure has been somewhat alleviated because the disruption of crude oil production in the Middle East does not seem as severe as expected, thanks to greater storage capacity both on land and at sea than anticipated.