What caused oil prices to exceed $100 a barrel according to the news?

According to the news, oil prices topped $100 a barrel due to a US blockade of the Strait of Hormuz.

What financial performance did Goldman Sachs report in connection with the oil price surge?

The news states that Goldman Sachs posted a profit rise amid the oil price surge.

Oil Price Tops $100 a Barrel as US Blockades Strait of Hormuz; Goldman Sachs Posts Profit Rise

Apr 13, 2026

Oil prices surpassed $100 per barrel following reports of a US blockade in the Strait of Hormuz, while Goldman Sachs reported rising profits. These events highlight critical volatility in global energy markets and economic growth.

theguardian

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Oil Price Tops $100 a Barrel as US Blockades Strait of Hormuz; Goldman Sachs Posts Profit Rise

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