Trump vows to attack Iranian nuclear facility as Middle East war escalates
Goldman Sachs warns oil could jump to $120 per barrel if Strait of Hormuz remains ‘disrupted’
Source: Financial Times
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DW NOTE
Trump is threatening to bomb Iran's nuclear programme while 2,000 ships sit stranded in the Gulf and global oil supply is down 10–14 million barrels per day. Goldman's $120 oil scenario assumes the Strait closes again — but it never fully reopened. WTI at $83 and Brent at $90 with supply disruptions already at historic levels means either the market doesn't believe the threat or it's pricing a global demand collapse so severe that losing another chunk of Iranian crude barely registers.