Oil at $120? Trump vows to hit Iran nuclear site.

📡 Financial Times 17h ago · 1 min read ·

Part of composite article Oil Breaks $95 as Iran War Chokes Gulf Supply, Goldman Warns $120 Next View full article →

Goldman Sachs has warned that oil prices could surge to $120 per barrel if the Strait of Hormuz remains disrupted. The warning comes as former President Donald Trump vows to attack Iranian nuclear facilities, escalating tensions in the Middle East. The Strait of Hormuz, a narrow waterway, is a critical passage for global oil shipments. Any prolonged closure or military conflict there could choke supply and drive prices sharply higher.