Global energy markets entered a period of extreme volatility on Monday, with crude oil futures surging to their highest levels since early 2025. The spike follows a weekend of escalating military hostilities, including the death of Iran’s Supreme Leader Ayatollah Ali Khamenei and retaliatory missile strikes by Tehran against U.S.-linked installations.
Goldman Sachs Sees Oil Above $90 Per Barrel
Since the current futures prices of Brent are $77.57 and WTI are $71.21, the $18 risk premium accounts for roughly 23% to 25% of the total price above $90 per barrel. It anticipates the estimated impact easing to a $4 premium if Strait of Hormuz flows are cut by only 50% for a month.
Meanwhile, Matthew Ryan, Head of Market Strategy at Ebury, told Benzinga that
Crude Oil Prices Hit Multi-Month Highs: Goldman Sees 25% Risk Premium Embedded As US-Iran Retaliatory Strikes Threaten Global Supply
