At present, Goldman Sachs sees Brent at US$80 a barrel in Q4 and US$75 next year, predicated on a de-escalation of tensions in the Middle East. (EPA Images pic) NEW YORK: Brent could rally to more than US$120 a barrel by the fourth quarter if disruptions of the Strait of Hormuz persist, according t»»»

Brent crude could rally to more than $120 a barrel by the fourth quarter if disruptions to flows through the Strait of Hormuz persist, according to Goldman Sachs Group Inc., although that’s not the bank’s base case. “Escalation in the Middle East and the decline in estimated Persian Gulf flows to b»»»

(The Insurer) – Concerns have been raised over potential disruption to shipping in the Strait of Hormuz following the U.S. attack on key Iranian nuclear sites over the weekend. Iran vowed to defend itself a day after the U.S. dropped 30,000-pound bunker-buster bombs onto the mountain above Iran’s F»»»