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Goldman Sachs warns oil could hit $120 per barrel amid Middle East attacks

Bank projects prices could fall to $80 if regional exports return to normal.

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Goldman Sachs warns oil could hit $120 per barrel amid Middle East attacks

What this story says

  • Goldman Sachs has warned that oil prices could reach $120 per barrel if attacks on ships in the Middle East intensify.
  • The bank projects that Brent crude could fall to $80 per barrel if exports from the region return to normal.
  • On 7 September 2026, Brent crude was trading around $97 per barrel.
  • The United States and Iran each attacked three ships in the Strait of Hormuz over the weekend of 5 to 6 September 2026.

Who covered it

Left 0%(0)Centre 37%(3)Right 63%(5)

Percentages are shares of the 8 outlets carrying a published leaning rating. 15 of the 23 outlets we know ran this story carry no rating and are not counted in them. Coverage measured .

Trust

86/100

Craft

95/100

Hype

35/100

23 sources · methodology

Thin on the left so far

None of the 8 outlets with a published leaning rating that ran this story are rated left.

This story is still being watched, so it is a count and not yet a finding. Coverage keeps arriving for hours after an event, and a side that has published nothing this morning may publish by tonight. If it is still true when we stop checking, we will say so plainly.

Goldman Sachs has warned that oil prices could rise to $120 per barrel if attacks on ships in the Middle East intensify. The bank also projected that Brent crude could fall to $80 per barrel if exports from the region return to normal. On 7 September 2026, Brent crude was trading around $97 per barrel, according to Bloomberg data. The United States and Iran each attacked three ships in the Strait of Hormuz over the weekend of 5 to 6 September 2026.

Daan Struyven, co-head of global commodities research at Goldman Sachs, stated that recent events point to a growing risk of shipping disruptions widening and intensifying. In response to the attacks, Iran indicated it might create a "prohibited zone" in the Strait of Hormuz in the coming days. According to the US Central Command (Centcom), the three Iranian ships attacked by the United States were part of a network funding Iran's Islamic Revolutionary Guard Corps and its regional allies. Goldman Sachs also recommended investment in natural gas and diesel as potential hedges against geopolitical risks.

Disagreement on details of attacks

Sapo reported that the United States attacked three Iranian ships, and in response, Iran attacked three ships linked to the Americans and three more oil tankers. Sapo also stated that Iran claimed the route used by the three oil tankers was "not authorised." Other reports do not provide these specific details about the number of ships attacked by each side or the specifics of Iran's claims regarding authorised routes.

What the coverage left out

None of the right-rated reports mention the specific details of the attacks on ships in the Strait of Hormuz, such as the number of vessels attacked by each side or the claims made by Iran regarding authorised routes. The reports also do not mention Goldman Sachs' recommendation to invest in natural gas and diesel as hedges against geopolitical risks.

Still developing. We have re-checked which outlets are covering this 5 times, most recently on 7 Sept 2026, 10:30, and will add the sides that appear.

How other outlets pictured it

Which photograph to run is each newsroom’s own choice. The leaning beside a name is that outlet’s published rating, not a claim that the pictures divide along it. Every picture is shown from the outlet’s own server and links to the article it ran in.

Goldman Sachs warns oil could hit $120 per barrel amid Middle East attacks
Unknown

How each side covered it

Our own reading of the reporting listed below, written from the outlets’ articles rather than quoted from them. The reasoning is set out on our methodology page.

Left

0 rated outlets

No outlet rated left has run this story so far. We are still checking, and will say plainly if that does not change.

Centre

3 rated outlets

  • The Unknown centre outlet reported that Goldman Sachs warned oil could climb to $120 per barrel if attacks on Middle East shipping increase, and that Brent was trading near $97. It quoted Daan Struyven, co‑head of global commodities research, describing the risk of broader shipping disruptions as a key factor to watch.
  • Oilprice.com added that recent U.S. strikes on three Iranian tankers and Iranian officials’ warnings of faster retaliation were part of the backdrop. It also noted Iranian plans for a new exclusion zone in the Strait of Hormuz. The report omitted the $80 price scenario mentioned by the Unknown outlet, while the Unknown piece omitted the U.S. strike details.

Right

5 rated outlets

  • The right-rated reports led on Goldman Sachs' warning that oil prices could reach $120 per barrel if attacks in the Middle East intensify. These reports included the projection that prices could fall to $80 if exports normalise and mentioned Brent crude trading around $97 per barrel. The reports also noted that the price at the pump is rising, with one mentioning the recommended price for a litre of gasoline in the Netherlands exceeding 2.71 euros. The attacks by the United States and Iran over the weekend were mentioned as the cause for the rise in oil prices and the lack of ship traffic through the Strait of Hormuz.

Questions about this coverage

How did the left and right cover Goldman Sachs warns oil could hit $120 per barrel amid Middle East…?
Of the 8 outlets on this story carrying a published leaning rating, 0% are rated left, 37% are rated centre, 63% are rated right. Those percentages are shares of the rated outlets, not of every outlet that ran it, which was 23. The sections above set out what each side emphasised, in its own terms.
Is Goldman Sachs warns oil could hit $120 per barrel amid Middle East… left or right?
Too few of the outlets on this story carry a published leaning rating to say. 8 of them do, and this site does not characterise a field under 12: at that size one newsroom filing moves the share by ten points. The percentages above are the count as it stands.
Is the coverage of Goldman Sachs warns oil could hit $120 per barrel amid Middle East… biased?
Goldman Sachs warns oil could hit $120 per barrel amid Middle East attacks is one event reported by 23 outlets, and this page does not rate the story as biased or unbiased. What it publishes is the spread: which outlets ran it, where named rating organisations place each of them on the spectrum, and what each side chose to lead with. A leaning rating describes an outlet's record over time, not this article, and the two should not be run together.
Which side is not reporting Goldman Sachs warns oil could hit $120 per barrel amid Middle East…?
When we first saw this story, outlets rated left had barely covered it. Coverage accretes for hours after an event, so that is where to look rather than a verdict — the split above is the current count, and it is the one to read.
Which outlets covered Goldman Sachs warns oil could hit $120 per barrel amid Middle East…?
23 that we know of, every one of them listed further up this page with a link to its own report and to what we hold on the publisher. Nothing here is a summary of somebody else's summary: the outlets are named so the original reporting can be read.
What is Goldman Sachs' forecast for oil prices?
Goldman Sachs has warned that oil prices could rise to $120 per barrel if attacks on ships in the Middle East intensify. Conversely, the bank projects that prices could fall to $80 per barrel if exports from the region return to normal levels.
What happened in the Strait of Hormuz over the weekend of 5-6 September 2026?
Over the weekend of 5-6 September 2026, the United States attacked three ships, and Iran attacked three ships linked to the Americans and three additional oil tankers. The US Central Command stated the attacked Iranian ships were part of a network funding Iran's Islamic Revolutionary Guard Corps.
What is the current price of Brent crude?
As of 7 September 2026, Brent crude was trading around $97 per barrel, according to Bloomberg data. This price reflects ongoing concerns about potential disruptions to supply from the Middle East.

Read it at the source

23 outlets, grouped by the leaning a published rating gives them. Every headline links to the original; an underlined outlet name opens our profile of that publisher.

Left

0

No outlet in this group ran the story.

Centre

3

Right

5

Not rated

15
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How did this read?

About the coverage, not about the story. We do not ask whether you agree with what happened — we have no honest use for that answer.

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