Goldman Sachs (NYSE:GS) Chief Executive Officer David Solomon said Tuesday that oil prices could reach $80 to $100 per barrel within three to six months, speaking at the Paley Center.

Solomon noted that U.S. recession risk is not materially elevated at present, though he cautioned that the situation could shift quickly, describing it as “only one tweet away.”

The Goldman CEO also addressed geopolitical scenarios, stating that a highly escalated conflict with Iran could push oil prices as high as $170 per barrel.
Source: Investing.com