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Goldman warns Brent oil may exceed $120 if Hormuz disruptions continue

Crypto Briefing 2026-07-21 03:45:42
Context: Goldman Sachs has issued a warning that Brent oil prices may exceed $120 if disruptions to shipping through the Strait of Hormuz continue. The warning comes amid concerns over potential supply chain disruptions in the region.

Key Facts

  • Goldman Sachs warns that Brent oil prices may exceed $120 if disruptions to shipping through the Strait of Hormuz continue.
  • The bank also predicts that West Texas Intermediate (WTI) oil may reach $120 in July 2026 with a 0.9% probability assigned to this forecast.
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