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Goldman Sachs Warns Brent Could Exceed $120 If Hormuz Tensions Continue

7 sourcesFirst reported 17 hours agoUpdated 12 hours ago

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Goldman Sachs has warned that Brent crude oil prices could exceed $120 a barrel if disruptions in the Strait of Hormuz continue.
The forecast suggests prices could reach this level by the fourth quarter of 2026 amid ongoing tensions in the region.
However, this scenario is not considered the base case, as the bank anticipates prices may settle around $80 in the same period.
The potential rise in oil prices is linked to the recent increase in tensions in the Middle East, particularly around the Strait of Hormuz.
Analysts are monitoring the situation closely, as any sustained disruptions could have significant implications for the oil market.

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Goldman Sachs has issued a warning that the price of Brent crude oil could exceed $120 a barrel by the fourth quarter of 2026 if ongoing disruptions in the Strait of Hormuz continue. The bank highlights that while this scenario could occur, it is not their base case. Instead, they project that Brent may stabilize around $80 per barrel in the fourth quarter and $75 in 2027.

The warning comes amid increasing tensions in the region, with Goldman Sachs indicating that significant disruptions to oil passage through the Strait are creating an unstable market environment. Analysts point out that these conditions may lead to price spikes, which can significantly impact global oil markets if the situation remains unresolved. The Strait of Hormuz is a critical transit route for a substantial portion of the world’s oil supply, making developments in this area a focal point for energy pricing forecasts.

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Goldman Sachs Warns Brent Could Exceed $120 If Hormuz Tensions Continue

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