Goldman Sachs Group said that if shipping disruptions in the Strait of Hormuz continue, Brent crude oil is expected to rise above $120 per barrel in the fourth quarter, but this is not the bank's benchmark forecast. Analyst Daan Struivin and others said in a research report released on July 20: “The situation in the Middle East has escalated, and crude oil transportation in the Persian Gulf is estimated to have fallen below 45% of pre-war levels, driving oil prices to rise again.” Goldman Sachs's current benchmark forecast is that under the premise of easing tension in the Middle East, the price of Brent crude oil will be 80 US dollars per barrel in the fourth quarter, and the price of oil will be 75 US dollars next year. Analysts also said that due to the impact of the ongoing blockage of shipping in the Strait of Hormuz and the Red Sea, there is an upward risk in the above oil price forecast.

Goldman Sachs Group said that if shipping disruptions in the Strait of Hormuz continue, Brent crude oil is expected to rise above $120 per barrel in the fourth quarter, but this is not the bank's benchmark forecast. Analyst Daan Struivin and others said in a research report released on July 20: “The situation in the Middle East has escalated, and crude oil transportation in the Persian Gulf is estimated to have fallen below 45% of pre-war levels, driving oil prices to rise again.” Goldman Sachs's current benchmark forecast is that under the premise of easing tension in the Middle East, the price of Brent crude oil will be 80 US dollars per barrel in the fourth quarter, and the price of oil will be 75 US dollars next year. Analysts also said that due to the impact of the ongoing blockage of shipping in the Strait of Hormuz and the Red Sea, there is an upward risk in the above oil price forecast.