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escalatory·3d ago·Friday, March 20, 2026
Oil Hits $126/barrel — Goldman Says Triple Digits 'For Years'
escalatory·96% confidence
Summary
Brent crude peaked at $126/barrel, the highest since the crisis began. Goldman Sachs says oil may stay in triple digits for years. IEA reports nearly 20 million barrels/day of crude exports disrupted — the largest supply shock since the 1970s energy crisis.
Risk Impacts (2)
Peak at $126, Goldman forecasts years of triple-digit oil, largest disruption since 1973
Current probability:75%High
Diesel costs making irrigation pumping unaffordable across South Asia
Current probability:78%High