Goldman Sachs Warns Brent Crude Could Hit $110 if Iran Blocks Strait of Hormuz
June 23, 2025 – Lagos/Washington – A new report released by global investment banking firm Goldman Sachs has projected that the price of Brent crude oil could surge to $110 per barrel if tensions in the Middle East escalate to the point where Iran blocks the Strait of Hormuz, a key global oil shipping route.