Bank projects Brent crude could soar to $110 as rising geopolitical risks threaten global energy supply routes; natural gas markets also bracing for potential disruption. Goldman Sachs has raised alarm over potential shocks to global energy markets, warning that escalating tensions in the Middle East—especially concerning the strategic Strait of Hormuz—could push oil prices sharply higher. In a research note dated June 23, the investment bank estimated that if oil flows through the critical waterway were cut by half for one month, followed by a prolonged 10% reduction for the next 11 months, Brent crude could spike briefly to $110 … Continue reading Goldman Sachs Warns of Oil Price Spike Amid Strait of Hormuz Tensions