During the U.S. maritime blockade from April to mid-June, authorities report that over 140 vessels were redirected and nine were disabled near the Strait. These figures, which appear to relate to a specific U.S. initiative, should be independently verified.
Oil prices to hit $120 soon? Goldman Sachs makes big prediction as Hormuz concerns loom
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Oil prices to hit $120 soon? Goldman Sachs makes big prediction as Hormuz concerns loom
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- currentsapi(Mixed)By Veer Sharma
Goldman Sachs expects Brent crude to average $80 per barrel in the fourth quarter and $75 next year, assuming tensions in the Middle East ease. However, the risks to its forecasts remain "tilted to the upside" due to potential disruptions to shipping through the Strait of Hormuz …
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