Since the outbreak of war with Iran in late February, Americans have quietly absorbed $100 billion in extra fuel costs — a burden now threatening to grow heavier as Goldman Sachs warns that Brent crude could breach $120 a barrel if Middle East hostilities deepen. The Strait of Hormuz, through which a fifth of the world's oil passes, remains a chokepoint of geopolitical anxiety, and the compounding pressures of multiple simultaneous conflicts are testing the resilience of both global energy markets and ordinary household budgets. What began as a distant confrontation has arrived at the kitchen
Goldman Sachs warns oil could hit $120 as Middle East conflict drives fuel costs up
American consumers face direct financial strain from elevated fuel costs impacting household budgets and transportation expenses for essential goods.