Goldman warns Brent crude could hit $120 if Hormuz disruptions persist
Crypto Briefing 2026-07-22 00:11:49
Context: Goldman Sachs has issued a warning that Brent crude oil prices could surge to $120 if disruptions to shipping through the Strait of Hormuz continue. This warning comes as concerns rise over potential supply chain disruptions in the region. The forecast is also tied to predictions for West Texas Intermediate (WTI) crude.
Key Facts
- Goldman Sachs warns that Brent crude oil prices could reach $120 if disruptions to shipping through the Strait of Hormuz persist.
- The forecast includes a prediction that West Texas Intermediate (WTI) crude could reach $90 in July, which is currently priced at a 45.1% probability.
- The warning is tied to concerns over potential supply chain disruptions in the region, specifically related to the Strait of Hormuz.