Oil prices to hit $120 soon? Goldman Sachs makes big prediction as Hormuz concerns loom
- Posted on July 21, 2026
- By Business News Today
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- 1 min read
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Oil prices to hit $120 soon? Goldman Sachs makes big prediction as Hormuz concerns loom
Goldman Sachs has warned Brent crude could spike to $120 per barrel if disruptions through the Strait of Hormuz persist, though its base case assumes easing Middle East tensions and prices averaging $80 in Q4.
