Goldman Sachs resets oil price target on Israel, Iran threats
Wall Street research firms have updated their oil price forecasts.
The world has gotten a bit crazy in 2025.
An ongoing global trade war has sparked worries about worldwide economic growth, and now Israel and Iran are locked in a battle with missiles flying back and forth, threatening global oil supplies.
The potential for a major energy crisis to develop because of the Iran-Israel conflict has caused Brent Crude and West Texas Intermediate oil prices to surge, and in turn that's created an entirely new threat to the economy.
