Goldman Sachs Issues Stark Warning: Oil Could Spike to $120 if Middle East Shipping Disruptions Escalate
Goldman Sachs warns that escalating attacks on shipping in the Middle East pose a significant upside risk to oil prices. The bank outlines a potential surge to $120 per barrel if disruptions intensify, versus a $80 downside scenario if exports normalize. It recommends hedging geopolitical risk via European natural gas and diesel positions.
Read More