Goldman says Brent could rise above $120 if Hormuz disruption continues
July 21, 2026 8:30 am EDT The West Point tanker arrived at the PT Pertamina facility at Tanjung Priok Port in Jakarta, Indonesia on July 3. (Dimas Ardian/Bloomberg) key takeaways: Goldman Sachs said Brent crude could exceed $120 a barrel in the fourth quarter if disruptions in the Strait of Hormuz continue, although this is