Goldman Sachs has warned Brent crude could rise above $120 a barrel if disruptions in the Strait of Hormuz persist. For India, which imports most of its crude oil, a sustained oil price rally could increase the import bill, weaken the rupee, fuel inflation, widen the current account deficit and raise petrol and diesel prices.

Brent crude tops $90 as US-Iran attacks rattle the Strait of Hormuz, stoking supply fears, inflation risks and questions over how high oil prices could go.

Goldman warns Brent oil may exceed $120 if Hormuz disruptions continue. WTI reaching $120 in July 2026 at 0.9% YES.

Global energy markets have been jolted this month — with Brent surging back above $91 a barrel