Bullish
Goldman Sachs warns Brent Crude could hit $120 if Gulf tensions escalate
Goldman Sachs has raised its Brent Crude price forecast to $120 per barrel, citing escalating tensions in the Gulf region. The firm warns that intensified attacks could further disrupt oil supply, leading to higher prices.
Key points
- Goldman Sachs projects Brent Crude prices could reach $120 per barrel if Gulf tensions escalate.
- Despite the forecast, Brent Crude prices remain around $97 per barrel as of September 8, 2026.
- Negotiations between Iran and Oman aim to resume maritime transit through the Strait of Hormuz, potentially easing supply concerns.
Sources
- Goldman Sachs warns Brent Crude could hit $120 if Gulf tensions escalateEl País · September 7, 2026
- Brent crude oil above $100 a barrel, as three more cargo ships attacked in the GulfBBC News · March 12, 2026
- Brent crude oil almost $100 a barrel, as three more cargo ships attacked in the GulfBBC News · March 12, 2026
AI-generated from public news sources. Not financial advice.
