https://www.live-feeds.com/feed/goldman-sachs-warns-oil-could-hit-120-as-shipping-risks-riseContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/goldman-sachs-warns-oil-could-hit-120-as-shipping-risks-risehttps://www.live-feeds.com/feed/goldman-sachs-warns-oil-could-hit-120-as-shipping-risks-rise#u63074Wed, 09 Sep 2026 20:11:48 +0000Brent crude prices surpassed $100 per barrel on Wednesday for the first time since July. Goldman Sachs predicts prices could reach $120 if attacks on Middle East shipping and energy sites intensify. The price surge follows escalated clashes between the U.S. and Iran around the Strait of Hormuz, alongside renewed Houthi attacks on Saudi energy infrastructure. While some reports indicate prices struggled to breach the $100 mark, other sources confirm the threshold was crossed as risks to global energy corridors increase.Why it mattersThe Strait of Hormuz is one of the most critical energy corrid https://www.live-feeds.com/feed/goldman-sachs-warns-oil-could-hit-120-as-shipping-risks-risehttps://www.live-feeds.com/feed/goldman-sachs-warns-oil-could-hit-120-as-shipping-risks-rise#u62077Wed, 09 Sep 2026 00:55:56 +0000Crude oil prices are approaching $100 per barrel following a cycle of retaliation between the United States and Iran. Goldman Sachs warns Brent crude could reach $120 per barrel if attacks on Middle East shipping intensify and disrupt global energy supplies. Recent military action includes U.S. Central Command attacking three Iranian oil tankers. While prices surge, Goldman Sachs maintains a potential downside toward $80 if Gulf exports return to normal. These tensions are already impacting local markets, with petrol prices in Lagos rising to N1,310 per litre.Why it mattersThe conflict centers https://www.live-feeds.com/feed/goldman-sachs-warns-oil-could-hit-120-as-shipping-risks-risehttps://www.live-feeds.com/feed/goldman-sachs-warns-oil-could-hit-120-as-shipping-risks-rise#u61122Tue, 08 Sep 2026 06:55:50 +0000Oil prices are rising after the United States and Iran traded strikes on ships, sparking fears of supply disruptions. Goldman Sachs warns that Brent crude could hit $120 per barrel if attacks on Middle East shipping intensify, particularly around the Strait of Hormuz. Brent is currently near $97, though Goldman notes a potential downside toward $80 if Gulf exports normalize. Market volatility coincides with a Labor Day holiday in the US, while Iran has announced plans to control a new shipping corridor in the Hormuz region with Oman.Why it mattersThe Strait of Hormuz is a critical global energ