Goldman Sachs Warns Of $150 Oil As Iran War Continues
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Goldman Sachs has revised its crude oil forecast, warning prices could reach $150 a barrel due to the ongoing war with Iran and disruptions in the Strait of Hormuz. The firm anticipates a significant reduction in oil flows for at least 21 days, which could push prices above the 2008 peak of $148. Currently, crude oil prices are around $100 a barrel. Goldman Sachs stock has risen 54% over the past year, trading at $823.76 per share.
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