Leaving aside the escalation of the Middle East situation, Goldman Sachs’ Q4 benchmark price is only 80 and 75 next year—but they also admit that all the risks are skewed upward. Translated, that means: if the strait really gets into trouble, don’t be surprised when oil prices surge.

CryptoJie News: Goldman Sachs Group expects that if the Strait of Hormuz traffic disruption continues, Brent crude oil could rise to above $120 per barrel by the fourth quarter, but the firm does not treat this as a base case. Analyst Daan Struyven said in a July 20 report that an escalation of the situation in the Middle East and Persian Gulf oil flows falling to below 45% of pre-war levels are pushing oil prices higher again. Currently, Goldman Sachs expects Brent crude’s fourth-quarter price to be $80 per barrel and $75 next year, assuming tensions in the Middle East ease. However, analysts noted that due to potential shipping disruptions that could occur in the Strait of Hormuz and the Red Sea, these forecasts face risks that “tilt to the upside.”