The Economic Fallout From a Potential Return to $100 Oil

Andrew here. Hope you had a great final week of summer. We’re waking up to a trickier economic picture today with Brent crude, the international benchmark, hovering around $99 a barrel — its highest level in weeks. Goldman Sachs warns it could hit $120 a barrel, while Treasury Secretary Scott Bessent suggests that oil could sink to $40 or $50 if the Strait of Hormuz fully reopens. (We’d love to see it, but we aren’t holding our breath.)

Meanwhile, everyone’s discussing the surprise documentary film about Elizabeth Holmes that was recently screened at the Telluride Film Festival. We’ve got the early details below.

Bonds and bombs

U.S. economic growth is holding up, bolstering Wall Street. But market indicators point to more expensive times ahead.

Article source: https://www.nytimes.com/2026/09/08/business/dealbook/oil-inflation-markets.html