Macro Finance
Goldman Says Brent Could Top $120 If Hormuz Disruptions Persist
Bloomberg Markets·July 21, 2026·1 min read
Goldman Sachs Group Inc. said Brent crude could rally to over $120 a barrel by the fourth quarter if Strait of Hormuz disruptions persist, though that is not the bank's base case. The forecast highlights potential energy price spikes from ongoing geopolitical tensions in the region, which could impact global inflation and economic growth.
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