New warning on oil: Goldman Sachs says crude prices could cross $120 if Strait of Hormuz disruptions continue

Jul 21, 2026 - 14:30
New warning on oil: Goldman Sachs says crude prices could cross $120 if Strait of Hormuz disruptions continue

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In a note dated July 20, Goldman Sachs analysts said, “Escalation in the Middle East and the decline in estimated Persian Gulf flows to below 45% of pre-war levels have pushed oil prices back up.”

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