๐ข๏ธ GOLDMAN SACHS WARNS: BRENT COULD SURPASS $120 IF THE STRAIT OF HORMUZ IS BLOCKED! โ ๏ธ๐
๐ Extreme Upside Risk
Goldman Sachs warned that the upside risks for Brent crude far outweigh the downside risks.
The declines in global summer inventories are supporting prices in the near term, but a scenario involving a larger conflict could send quotes soaring.
๐ Critical Shipping Routes at Risk
In an extreme scenario of continued disruption in the Strait of Hormuz projected through 2027, Gulf production would recover slowly.
In this context, Brent would rise above $120 per barrel in Q4 2026 and average more than $100 in 2027, with additional pressures if the Strait of Bab el-Mandeb and the Suez Canal are also blocked.
#GoldmanSachs #CrudeOil #Brent #EnergyCrisis #BinanceSquare
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๐ Extreme Upside Risk
Goldman Sachs warned that the upside risks for Brent crude far outweigh the downside risks.
The declines in global summer inventories are supporting prices in the near term, but a scenario involving a larger conflict could send quotes soaring.
๐ Critical Shipping Routes at Risk
In an extreme scenario of continued disruption in the Strait of Hormuz projected through 2027, Gulf production would recover slowly.
In this context, Brent would rise above $120 per barrel in Q4 2026 and average more than $100 in 2027, with additional pressures if the Strait of Bab el-Mandeb and the Suez Canal are also blocked.
#GoldmanSachs #CrudeOil #Brent #EnergyCrisis #BinanceSquare
$BZ
$BNB
$BTC