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Goldman Sachs: Oil Prices May Hit $111 Amid Tensions

3/22/2026

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Summary

Goldman Sachs Predicts Oil

Goldman Sachs analysts say oil prices could remain elevated due to geopolitical tensions and damage to energy infrastructure.
The Middle East conflict disrupted supply chains, especially through the Strait of Hormuz.
Brent crude could average around $111 per barrel by late 2027 if disruptions persist.
The United States is exploring measures to boost supply, including releasing strategic reserves and easing sanctions on Iranian oil.

History

Historical Context

The 1973 oil crisis began when the Organization of Arab Petroleum Exporting Countries (OAPEC) imposed an embargo against nations supporting Israel during the Yom Kippur War, causing oil prices to quadruple from $3 to $12 per barrel. This event reshaped global energy dynamics and led to long-term economic repercussions, including inflation and shifts in energy policies, echoing today's geopolitical tensions in the Middle East.

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Goldman Sachs Predicts Oil

Goldman Sachs analysts say oil prices could remain elevated due to geopolitical tensions and damage to energy infrastructure.
The Middle East conflict disrupted supply chains, especially through the Strait of Hormuz.
Brent crude could average around $111 per barrel by late 2027 if disruptions persist.
The United States is exploring measures to boost supply, including releasing strategic reserves and easing sanctions on Iranian oil.

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