Goldman Sees Brent Exceeding $120/bbl in Q4 if Hormuz Disruptions Persist

(Reuters) – Goldman Sachs said on Monday that Brent crude could top $120 a barrel in the fourth quarter this year and average $100 a barrel next year if flows through the Strait of Hormuz remain disrupted and Gulf output only fully recovers by the end of 2027. Oil prices softened on Tuesday, with markets … Read more