Bank of America and Goldman Sachs projections for Brent near $90 by year-end emerge against a backdrop of reported daily deficits reaching 14-15 million barrels, as outlined in their recent commodities notes. This aligns with patterns seen in prior chokepoint events, such as the 2019 Strait of Hormuz tensions documented in U.S. Energy Information Administration weekly status reports. Gunvor and JPMorgan assessments emphasize a June tipping point for potential shortages, while Helima Croft's client notes highlight skepticism toward rapid maritime normalization. Primary OPEC Monthly Oil Market Reports from 2023-2025 consistently track inventory draws during geopolitical strains, contrasting with secondary market commentary that often amplifies short-term volatility. Multiple perspectives include bank emphasis on structural deficits versus trader focus on resolution timelines, without presuming outcomes for inflation transmission or equity sector adjustments.