Bloomberg: Oil Could Hit $120
Goldman Sachs' forecasts indicate that oil prices could reach $120 per barrel if attacks on ships in the Middle East escalate, with a possibility of falling back to $80 if exports return to normal levels. This situation is driven by increasing shipping disruptions resulting from retaliatory attacks between the United States and Iran on vessels in the Strait of Hormuz, jeopardizing global oil supplies and heightening market risks.
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