Goldman Sachs Predicts $110 Oil Amid Iran-Israel Tensions and Hormuz Disruption

Goldman Sachs warns of potential Brent crude spikes to $110 per barrel if Iran follows through with threats to close the Strait of Hormuz. The strategic waterway handles 20% of global oil shipments, and its closure could trigger seismic shifts in energy markets.

The bank's base case forecasts Brent averaging $95 in Q4 2025, but geopolitical escalation scenarios paint a far bleaker picture. Iran's parliamentary approval for Hormuz closure adds tangible risk to what was previously theoretical market disruption.

Oil market volatility may create spillover effects in cryptocurrency markets, particularly for energy-intensive proof-of-work assets. While no direct crypto correlations appear in this analysis, traders should monitor how energy shocks impact miner economics and institutional risk appetite.