Goldman Sachs warns oil could surge to $120 a barrel if attacks on Hormuz continue
- Oil prices could surge as high as $120 per barrel if attacks on Middle East shipping do not stop, Goldman Sachs has warned.
- This would be the highest oil prices have hit since the US and Israel launched their war on Iran on 28 February.
- Brent crude, the international benchmark, peaked at $114 per barrel on 4 May.
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- Oil prices could surge as high as $120 per barrel if attacks on Middle East shipping do not stop, Goldman Sachs has warned.
- This would be the highest oil prices have hit since the US and Israel launched their war on Iran on 28 February.
- Brent crude, the international benchmark, peaked at $114 per barrel on 4 May.
Sources: The Independent