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Goldman Sachs Sees Brent Above $120 if Hormuz Oil Disruptions Persist

by Oguz BuyukyildirimJuly 21, 2026July 21, 2026

Goldman Sachs has warned that Brent crude could rise above $120 per barrel in the fourth quarter of 2026 if disruptions to oil shipments through the Strait of Hormuz continue. The bank stressed that this is not its central forecast. Its base case assumes that tensions in the Middle East will ease, Gulf exports will […]

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