Goldman Predicts Brent Could Exceed $120 Amid Hormuz Disruptions

Goldman Sachs forecasts that Brent crude oil prices could surpass $120 per barrel if disruptions in the Hormuz Strait continue. These disruptions could significantly impact global oil supply, which is already sensitive to geopolitical tensions. The situation remains fluid, with potential consequences for oil market stability. Investors should be aware that sustained high prices could influence inflation and overall market dynamics.