Goldman Sachs warned oil could reach $120 a barrel if shipping attacks broaden and intensify. Brent crude is approaching $100 a barrel, its highest level since late July, after US strikes on three Iranian tankers and an attack on Saudi Aramco in Jizan. Iran’s Supreme National Security Council is considering expanding an exclusion zone across the Persian Gulf and Gulf of Oman. Oil inventories outside China have fallen by more than 400 million barrels since the war began.
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