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Oil Prices Could Surge Past $120 if Strait of Hormuz Disruptions Continue: Goldman Sachs
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Oil Prices Could Surge Past $120 if Strait of Hormuz Disruptions Continue: Goldman Sachs

Global oil prices could climb sharply in the coming months if disruptions to crude shipments through the strategically vital Strait of Hormuz continue, with Brent crude potentially rising above $120 a barrel by the fourth quarter, according to a Goldman Sachs assessment. The projection comes amid heightened geopolitical tensions in the Middle East and growing...