Goldman Sachs just upped its oil price forecast to $120 a barrel by year-end, fueled by escalating Middle East tensions and the looming threat of a prolonged Strait of Hormuz shutdown. What started as a surplus prediction has flipped as conflict surges — with Houthi rebels declaring a maritime embargo on Saudi Arabia, which relies heavily on Red Sea routes. Even before that, shipping through the Strait has plummeted, with vessels avoiding detection amid Iran-U.S. clashes, but fewer ships dare take the risk. Geopolitics are rewriting the energy playbook — and prices could climb fast if chaos continues.
Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN: advertise@thednn.ai
This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai.
Podden och tillhörande omslagsbild på den här sidan tillhör
The Daily News Now!. Innehållet i podden är skapat av The Daily News Now! och inte av,
eller tillsammans med, Poddtoppen.
