Goldman Raises Oil Price Forecast as Brent Surges Past $111 on Gulf Energy Strikes

Goldman Sachs raised its Brent crude forecast following the Ras Laffan strike and South Pars damage. Brent surged 80% since the conflict began, driven by the near-total Hormuz shutdown. The first direct strikes on upstream energy infrastructure -- both Iranian (South Pars) and GCC (Ras Laffan) -- mark a new phase where both sides are targeting the economic foundations of their adversaries.