Goldman Sachs warns oil could hit $120 as US-Iran attacks threaten Strait of Hormuz shipping, risking a major supply shock and higher energy prices. | Business News

US-Iran tanker attacks are raising fears of oil supply disruptions as Brent crude nears $100. Could the Strait of Hormuz crisis push oil above $100?

Goldman Sachs says worsening attacks on Middle East shipping could push oil prices to $120 per barrel as tensions around the Strait of Hormuz escalate.

Tanker attacks in Strait of Hormuz spark fears of wider supply disruption