Oil rises past $95 after Trump threatens further Iran escalation
Goldman Sachs warns Brent crude price could jump to $120 if Strait of Hormuz remains ‘disrupted’
Goldman Sachs has issued a stark warning regarding potential oil price increases. The investment bank forecasts that Brent crude could surge to $120 per barrel. This significant jump is contingent upon the continued disruption of the Strait of Hormuz.
- Goldman Sachs predicts Brent crude could reach $120 per barrel.
- This price increase is conditional on the Strait of Hormuz remaining disrupted.
- The Strait of Hormuz is a critical chokepoint for global oil supply.
Continue reading https://www.ft.com/content/90facd68-4df7-40c2-9383-e989a02fbe51
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