Middle East Shipping Disruptions Send Oil Prices Soaring
Goldman Sachs analysts warn of rising oil prices due to potential disruptions in shipping from the Middle East.
The bank's co-head of global commodities research, Daan Struyven, stated that if attacks on vessels increase, oil prices could reach $120 per barrel.
In contrast, oil prices may fall to $80 a barrel if exports from the region return to normal levels, according to Struyven.