Goldman Sachs Warns Oil Could Reach $120 Amid Middle East Attacks
Goldman Sachs has warned that oil prices could surge to $120 per barrel if attacks on oil tankers in the Middle East escalate. The investment bank's analysts cited the potential threat to shipping in the Strait of Hormuz, a critical chokepoint for global oil supplies, as a key risk factor. This warning comes amidst recent incidents involving oil tankers in the region, which have raised tensions between the U.S. and Iran.5 sourcesSee all sources