Goldman Sachs says oil could hit $120 a barrel if the Middle East war escalates and Hormuz traffic stays disrupted.

Analysts warn oil market may be underestimating risk to supply from latest escalation

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

At present, Goldman sees Brent at $80 a barrel in the fourth quarter, and $75 next year, predicated on a de-escalation of tensions in the Middle East | World News

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…

Goldman Sachs says oil could hit $120 a barrel if the Middle East war escalates and Hormuz traffic stays disrupted.

Are Brent crude oil prices set to cross $120 per barrel again? According to Goldman Sachs Group Brent crude prices could climb above $120 a barrel in the fourth quarter if…

Goldman Sachs warns oil could hit $120 if the Strait of Hormuz stays closed. WTI reaching $120 in July 2026 at 0.9% YES.

"This scenario assumes Gulf output only fully recovers by Dec27, supported by pipeline extensions."

Goldman warns Brent crude could hit $120 if Hormuz disruptions continue. WTI reaching $90 in July priced at 45.1% YES.

Global oil prices have climbed closer towards US$100 a barrel on Thursday afternoon, with the conflict between Iran and the US showing no sign of de-escalating.