New warning on oil: Goldman Sachs says crude prices could cross $120 if Strait of Hormuz disruptions continue
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.”
- Oil hits $90 per barrel as US-Iran war escalates Semafor —
- U.S. gas prices hit an average of $4 a gallon again as the U.S. and Iran launch attacks PBS —
- Price of gas hits $4 as Iran war heats back up The Hill —
- Gas prices top $4 a gallon again as U.S.-Iran conflict escalates CBS News —
- Gas prices snap back to $4 as Trump’s Iran truce unravels Fortune —