An international oil analyst is warning global oil prices could hit US$150 a barrel if the situation in the Strait of Hormuz doesn't improve soon.

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 spike to $120 per barrel if disruptions through the Strait of Hormuz persist, though its base case assumes easing Middle East tensions…

Brent crude has surged past $100 as escalating Middle East tensions threaten two critical oil chokepoints — the Strait of Hormuz and Bab el-Mandeb — at the same time. While…