Tehran Displays “We Will Kill Trump” Banner as Strait of Hormuz Crisis Sends Oil Above $100
Could Oil Reach $120 Per Barrel?
The possibility of further oil-price increases is now a major concern.
CBS News reported that Goldman Sachs analysts had warned that intensified attacks in the Persian Gulf and Red Sea could push global oil prices above $120 per barrel.
Whether that scenario materializes depends on several factors.
The first is the duration of the conflict.
A short-lived escalation could produce a temporary spike followed by stabilization.
A prolonged confrontation would create a very different situation.
The second factor is the degree to which commercial shipping through the Strait of Hormuz is disrupted.
The third is whether other regional actors become more deeply involved.
The fourth is whether oil-producing states can compensate for lost or delayed supplies.
The fifth is whether diplomatic negotiations can produce a ceasefire.
These variables make oil-price forecasting particularly difficult.
However, the market reaction demonstrates that investors are no longer treating the Strait of Hormuz as a theoretical risk.
It has become a central factor in energy pricing.
September 9, 2026 | 9:13 pm
