← March 29, 2026 briefingEconomy
Goldman Sachs warns oil could hit record $147 per barrel
Goldman Sachs has revised its oil price outlook sharply upward, flagging the possibility that crude could breach the all-time record of $147 set in 2008 as the Iran war disrupts regional supply routes. Pakistan has moved to secure a deal with Iran allowing 20 ships through the Strait of Hormuz, a sign of how nervous trading partners have become about access to one of the world's most critical energy chokepoints. The $147 figure would mark the highest nominal oil price in recorded history.
MarketWill Crude Oil (CL) hit__ by end of June?
Will Crude Oil (CL) hit (HIGH) $130 by end of June?47% chance
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