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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 23%(82)Centre 53%(183)Right 24%(85)

Percentages are shares of the 350 outlets carrying a published leaning rating. 331 of the 681 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

681 sources · methodology

Missing from the left

Only 82 of the 350 outlets with a published leaning rating that ran this story are rated left.

A reader who follows the left would not have seen this. We report the absence rather than explain it: outlets choose what to cover for many reasons, and we have no evidence about which one applies here.

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.

Coverage settled. We checked this 21 times and stopped on 12 Sept 2026, 17:00. The figures above are what it finished at.

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

82 rated outlets

We have not written our reading of the left coverage of this story. The left-rated outlets that ran it are listed below.

Centre

183 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

85 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 350 outlets on this story carrying a published leaning rating, 23% are rated left, 53% are rated centre, 24% are rated right. Those percentages are shares of the rated outlets, not of every outlet that ran it, which was 681. 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?
Neither side dominates it. Of the 350 rated outlets on this story, 23% are rated left, 53% are rated centre, 24% are rated right, and no side holds the 70% this site would want before calling a field one-sided. A story is not left or right in any case; the outlets that carried it are what carry ratings.
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 681 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…?
681 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

777 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

84
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Centre

195
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Right

104
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Not rated

394
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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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