Goldman Says Brent Could Top $120 If Hormuz Disruptions Persist

Goldman Sachs Group Inc. reports that Brent crude prices could potentially rally to more than $120 a barrel by the fourth quarter if disruptions to flows through the Strait of Hormuz persist. While the bank notes that this specific outcome is not its base case, the warning highlights the potential for significant price increases. Additionally, reports indicate WTI could reach $120 by July 2026, reflecting the volatile nature of global oil markets during regional instability.