General · 7 September 2026

Oil could hit $120 a barrel if Mideast attacks intensify

Goldman Sachs warned on Monday that oil prices might climb to $120 a barrel if assaults on Middle Eastern shipping intensify. Daan Struyven, co-lead of global commodities research at Goldman Sachs, emphasised the significance of potential wider shipping disruptions to Bloomberg TV. Oil prices have already rallied in recent days, nearing $100 a barrel on Monday.

By BriefTea Editorial · 7 September 2026 at 13:34

Reported by oilprice.com · How we write briefs

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Geopolitical tensions matter Global trade routes at risk Your heating bills might jump

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