Goldman Sachs has warned that the standoff between the BRICS economic alliance (Brazil, Russia, India, China, and South Africa) and the United States could have a significant impact on global oil prices. President-elect Donald Trump has expressed opposition to the BRICS countries' attempts to reduce reliance on the US dollar. The tensions between the US and the BRICS alliance could push up oil prices, with Goldman Sachs suggesting they could reach $90 per barrel. The lack of a clear vision of Trump's foreign policies adds to the uncertainty, which often results in increased oil prices. However, the BRICS alliance faces internal issues that make it challenging for them to align against the US. Despite striving to reduce reliance on the dollar, the chances of achieving their goals remain questionable under Trump's presidency. The current tensions in US-BRICS trade relations have become a breaking point for world trade, causing the IMF to warn of increased borrowing costs and new challenges for the BRICS economies.



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