Goldman Sachs says Brent may rise above USD 120/bbl in FY26 Q4 if Hormuz remains disrupted

Goldman Sachs' projection for Brent crude to potentially exceed USD 120 per barrel hinges on ongoing disruptions in the Strait of Hormuz, a key oil shipping route. This outlook may heighten volatility in energy markets and impact inflation expectations, making it critical for traders to monitor geopolitical developments in the region closely, as they could influence both commodity prices and broader market sentiment.