Goldman Sachs says Brent could reach USD 100/bbl if the Strait of Hormuz remains closed for 5 more weeks
Goldman Sachs' outlook indicates that if the Strait of Hormuz remains closed for an additional five weeks, we could see Brent crude prices spike to $100 per barrel.
BASF (BAS GY) is reportedly to increase the prices of additives by up to 20%, citing raw materials, inflation and freight rates
Additional European Equity News
Goldman Sachs says Brent could reach USD 100/bbl if the Strait of Hormuz remains closed for 5 more weeks
Plume of smoke rising from the US Consulate in Dubai, Iran's IRNA reports
Newsquawk Daily European Equity Opening News - 4th March 2026
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This scenario underlines the significant impact geopolitical tensions have on oil supply, which could further fuel inflation and affect the macroeconomic landscape, particularly for commodity-linked currencies.
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