The United States and Iran have resumed daily military exchanges in the Strait of Hormuz, signaling a hardening of positions that undermines prospects for near-term diplomatic resolution.
Both sides are conducting sustained airstrikes in a bid to assert control over the critical waterway, with neither party showing signs of de-escalation.
Goldman Sachs has previously warned that sustained disruptions in the Strait could push Brent crude above $120, a scenario that remains plausible as long as military operations continue unabated.
This intensification marks a shift from sporadic clashes to a more entrenched pattern of conflict in one of the world’s most vital energy corridors.
The persistent violence in the Strait keeps shipping risk premiums firmly in place, complicating logistics for global energy flows.
While specific price levels for Brent crude were not detailed in the latest reports, the ongoing threat to tanker transit maintains upward pressure on oil markets.
Goldman Sachs has previously warned that sustained disruptions in the Strait could push Brent crude above $120, a scenario that remains plausible as long as military operations continue unabated.