economy
Oil rises past $95 after Trump threatens further Iran escalation
Goldman Sachs warns Brent crude price could jump to $120 if Strait of Hormuz remains ‘disrupted’
TL;DR
- Goldman Sachs predicts Brent crude could reach $120 per barrel.
- This price increase is conditional on the Strait of Hormuz remaining disrupted.
- The Strait of Hormuz is a critical chokepoint for global oil supply.