Goldman warns of oil supply recovery delays due to Hormuz tensions
after close1 source ↓written by the desknot a recommendation
- per day below
- 10.5 million barrels
- per barrel
- $80
Goldman Sachs warns that renewed tensions in the Strait of Hormuz may delay the recovery of Middle Eastern oil supplies. Current production is still 10.5 million barrels per day below pre-war levels. Disruptions could hinder efforts to reopen shut-in wells, impacting global oil prices, which have recently surged above $80 per barrel.
Not investment advice. For informational purposes only.