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Oil Prices Soar Amid Escalating Middle East Tensions

Guavy AI Editorial Team Published September 8, 2026

Instruments

Oil

The ongoing conflict between the U.S. and Iran has caused oil prices to surge, with Brent crude briefly reaching $100 a barrel on Tuesday.

Goldman Sachs predicts that if attacks on Middle East shipping escalate, oil prices could hit $120 per barrel.

The Strait of Hormuz is a critical chokepoint for global oil shipments, handling about one-fifth of the world's total.

If you're looking to invest in the current oil market volatility, here are four ETFs to consider:

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