Goldman Predicts Brent Could Hit $120 if Hormuz Disruptions Continue

Goldman Sachs says that if there are big problems with oil ships going through the Strait of Hormuz, the price of oil could go up to $120 a barrel by the end of the year.

Right now, they think it will be around $80.

There are some things that could make the price go up, like fights between countries and problems with ships.

But there are also things that could keep the price from going up too much, like less oil being bought by China and more oil being stored around the world.