Goldman warns of $150 oil peak as it hikes price target for second time in a week

Core Viewpoint - Goldman Sachs has raised its 2026 oil price forecast for the second time within a week, warning of a potential spike to nearly $150 per barrel if disruptions in the Strait of Hormuz persist [1] Group 1: Price Forecast Adjustments - Goldman Sachs has increased its oil price expectations due to anticipated longer disruptions in the Strait of Hormuz [1] - The forecast includes a warning of a price spike similar to that of 2008, which could see oil prices reach around $150 per barrel [1] Group 2: Market Volatility - Recent fluctuations in Brent crude prices have been noted, with prices surging to $120 per barrel amid escalating conflict in the Middle East [1] - Prices dropped below $85 after statements from Donald Trump suggested a quick resolution to the conflict, but rebounded above $100 as tensions escalated with Iran targeting tankers in the Persian Gulf [1]