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PRECIOUS METALS | Goldman Sachs Says Brent Crude Could Approach $120 If Strait of Hormuz Disruptions Persist

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2026-07-21 04:40:40
Goldman Sachs said Brent crude could approach $120 a barrel by the fourth quarter if disruptions in the Strait of Hormuz continue. According to NS3.AI, the bank said such a move would bring Brent close to the $126.41 intraday peak reached on April 30 during the US-Iran war. Goldman’s base forecast remains $80 in the fourth quarter and $75 next year.
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