--- title: "Goldman Sachs warns oil could hit $120 per barrel amid Middle East attacks" publication: "MediaBias News" url: "https://mediabias.news/business/goldman-sachs-warns-oil-could-hit-120-per-barrel-amid-middle-east-attacks" api: "https://mediabias.news/api/v1/stories/goldman-sachs-warns-oil-could-hit-120-per-barrel-amid-middle-east-attacks" markdown: "https://mediabias.news/business/goldman-sachs-warns-oil-could-hit-120-per-barrel-amid-middle-east-attacks.md" audio: "https://mediabias.news/api/audio/goldman-sachs-warns-oil-could-hit-120-per-barrel-amid-middle-east-attacks" category: "Business & Economy" area: "Middle East" published: "2026-09-07T09:25:16.162Z" source_reported: "2026-09-07T08:46:26.000Z" updated: "2026-09-07T10:15:33.357Z" trust_score: 86 critic_score: 95 hype_score: 35 assessment_type: "coverage-and-source-reporting-analysis" fact_check_status: "not-performed" coverage_measured: "2026-09-07T10:15:29.853976+00:00" --- # 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.* **Scores for the source reporting** (0-100, assessing the original journalism this article was written from, not this write-up): - Trust 86 of 100, higher is better. Trust high (86) due to named Goldman Sachs source, quoted figures, and multiple independent reports. - Craft 95 of 100, higher is better. Critic score 95; article explains context, includes quotes, specific data, and clear future scenario. - Hype 35 of 100, lower is better. Hype 35; language is mildly sensational but aligns with the forecast without overstating urgency. Scored by MediaBias News; method at https://mediabias.news/methodology. **The short version** - 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. 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. ## Who covered it Shares of the 8 covering outlets with a published leaning rating: - Left: 0% (0) - Centre: 37% (3) - Right: 63% (5) 15 of 23 covering outlets carried no usable leaning rating and were excluded from those percentages. Coverage measured 2026-09-07T10:15:29.853976+00:00. **Coverage watch:** developing. Checked 8 times; 1 check found a material change. Most recently checked 2026-09-07T11:15:16.794Z. ## How the sides framed it ### Left No separate framing summary. ### Centre - 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 - 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. **Provisional coverage gap:** left. The watch is not closed, so this is not yet a settled blindspot finding. ## Factuality profile of the covering outlets These are published factuality ratings of the outlets, not a verdict on whether this story or its claims are true. - veryLow: 1 - mixed: 2 - high: 4 - unknown: 15 - veryHigh: 1 ## Verification scope This page compares coverage and scores the source reporting. It is not a ClaimReview verdict on whether the underlying event or claim is true. ## Original reporting this was written from - [news-pravda.com](https://news-pravda.com/russia/2026/09/07/2572779.html) — Oil prices may reach $120 with escalation in the waters of the Middle East, Bloomberg reports, citing analysts at Goldman Sachs bank - [economymiddleeast.com](https://economymiddleeast.com/news/oil-prices-seen-between-80-and-120-as-hormuz-crisis-drives-supply-risks) — Oil prices seen between $80 and $120 as Hormuz crisis drives supply risks - [Sapo](https://jornaleconomico.sapo.pt/noticias/goldman-sachs-alerta-que-petroleo-pode-chegar-aos-120-dolares-se-continuarem-ataques-a-navios-no-medio-oriente) — Goldman Sachs Warns that Oil Can Reach 120 Dollars if They Continue Attacks on Ships in the Middle East Economic Journal - [turkiyegazetesi.com.tr](https://turkiyegazetesi.com.tr/ekonomi/petrol-120-dolara-cikabilir-dunyaca-unlu-bankadan-kritik-aciklama-1814329) — Oil Could Reach $120! A Critical Statement From Goldman Sachs. - [Investors King](https://investorsking.com/2026/09/07/goldman-sees-oil-hitting-120-if-middle-east-tanker-attacks-escalate) — Goldman Sees Oil Hitting $120 If Middle East Tanker Attacks Escalate - [borskollen.se](https://borskollen.se/nyheter/27/storbanken-varnar-oljan-kan-rusa-till-120-dollar-har-ar-riskerna) — Major Bank Warns: Oil Could Surge to $120 – Here Are the Risks - [insider.gr](https://insider.gr/agores/423740/goldman-sachs-eos-ta-120-dolaria-petrelaio-ean-ayxithoyn-oi-epitheseis-sti-mesi) — Goldman Sachs: Oil Could Hit $120 if Attacks in Middle East Increase - [Haberler](https://haberler.com/haberler/petrol-icin-120-dolar-uyarisi-turkiyeye-faturasi-20214089-haberi) — Oil Price Warning: $120! The Consequences Could Be Severe for Türkiye. - [hathalyoum.net](https://hathalyoum.net/articles/4226461) — Banking Estimates that a Barrel of Oil Will Rise to 120 Dollars - [Unknown](https://shafaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D8%AA%D8%B1%D8%AC%D9%8A%D8%AD%D8%A7%D8%AA-%D9%85%D8%B5%D8%B1%D9%81%D9%8A%D8%A9-%D8%A8%D8%B5%D8%B9%D9%88%D8%AF-%D8%A8%D8%B1%D9%85%D9%8A%D9%84-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%84%D9%89-120-%D8%AF%D9%88%D9%84%D8%A7%D8%B1%D8%A7) — News Pity. Bank Tips up a Barrel of Oil to $120. - [Protothema](https://protothema.gr/economy/article/1874946/petrelaio-pano-apo-ta-97-dolaria-to-brent-petrelaio-akoma-kai-sta-120-vlepei-i-goldman-sachs-an-klimakothoun) — Oil: Brent Above $97, Goldman Sachs Sees Oil Even at $120 if Attacks Escalate - [NOS](https://nos.nl/artikel/2630008-olieprijs-opnieuw-omhoog-ook-de-prijs-aan-de-pomp-stijgt-verder) — Oil Price up Again, the Price at the Pump Also Continues to Rise - [sofokleousin.gr](https://sofokleousin.gr/agores/petrelaio-synagermos-goldman-sachs-gia-ta-120-dolaria) — Oil: Goldman Sachs Warns of $120 - [Banker.az](https://banker.az/goldman-sachs-deyir-neftin-qiym%c9%99ti-120-dollar-barel%c9%99-yuks%c9%99l%c9%99-bil%c9%99r) — Goldman Sachs Says Oil Prices Could Rise to $120 a Barrel - [alborsaanews.com](https://alborsaanews.com/2026/09/07/1990917) — Goldman Sachs: Oil Prices Could Jump to $120 - Al-Borsa Newspaper - [Reuters](https://reuters.com/business/energy/goldman-sees-120bbl-oil-risk-if-attacks-middle-east-vessels-intensify-bloomberg-2026-09-07) — Goldman Sees $120/bbl Oil Risk if Attacks on Middle East Vessels Intensify, Bloomberg Reports - [Dagens industri](https://di.se/live/storbank-ser-risk-for-oljepris-pa-120-dollar) — Big Bank Sees Risk to Oil Price at $120 - [cyprustimes.com](https://eurokerdos.cyprustimes.com/diethni/goldman-sachs-petrelaio-sta-120-dolaria-an-afxithoun-oi-epitheseis-sti-mesi-anatoli) — Goldman Sachs: Oil at $120 if Attacks in the Middle East Increase - Europrofit - [ekonomim.com](https://ekonomim.com/sektorler/enerji/goldman-sachstan-petrol-icin-120-dolar-senaryosu-gozler-hurmuz-bogazinda-haberi-916647) — Goldman Sachs's Scenario for Oil Is $120: All Eyes Are on the Strait of Hormuz. - [Oil Price](https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sachs-Warns-Oil-Could-Hit-120-as-Shipping-Risks-Rise.html) — Goldman Sachs Warns Oil Could Hit $120 as Shipping Risks Rise - [Unknown](https://snabusiness.com/article/1890430-%D8%BA%D9%88%D9%84%D8%AF%D9%85%D8%A7%D9%86-%D8%B3%D8%A7%D9%83%D8%B3-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%AA%D8%B1%D8%AA%D9%81%D8%B9-120-%D8%AF%D9%88%D9%84%D8%A7%D8%B1%D8%A7-%D9%84%D9%84%D8%A8%D8%B1%D9%85%D9%8A%D9%84) — Goldman Sachs: Oil Prices Could Rise to $120 a Barrel. - [Moneycontrol](https://moneycontrol.com/news/business/oil-at-120-goldman-sachs-flags-risk-if-shipping-attacks-intensify-14023926.html) — Oil at $120? Goldman Sachs flags risk if shipping attacks intensify - [BizToc](https://biztoc.com/x/b8440056acde043d) — Goldman Flags Risk of $120 Oil If Mideast Ship Attacks Intensify ## Questions **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. --- MediaBias News — https://mediabias.news. Reproduced from https://mediabias.news/business/goldman-sachs-warns-oil-could-hit-120-per-barrel-amid-middle-east-attacks. Please cite as: MediaBias News, "Goldman Sachs warns oil could hit $120 per barrel amid Middle East attacks", https://mediabias.news/business/goldman-sachs-warns-oil-could-hit-120-per-barrel-amid-middle-east-attacks