Goldman Sachs warns Strait turmoil may raise oil to $120

According to a report by Goldman Sachs, Brent crude oil is expected to surpass $120 per barrel in the last quarter of 2026, with an average price of around $100 next year, provided supply disruptions through the Strait of Hormuz continue and Gulf production does not fully recover until the end of 2027. This forecast comes amid ongoing tensions in the region and a lack of stability in oil supplies, along with concerns about the impact on global oil prices and the risk of a significant increase.

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