Goldman Sachs issues a warning on the Strait of Hormuz situation: multiple countries face "oil shortage risk"

ME News message, April 6 (UTC+8): Goldman Sachs analysis points out that although global oil supply has not been depleted, there are growing signs that pressure is being transmitted steadily; in the worst case, localized “oil shortages” and surging prices are bound to intensify further. Even so, the firm did not directly label this turmoil as a “structural supply crisis.” Large economies like Japan still hold substantial strategic reserves, giving them the confidence to withstand the storm. Goldman Sachs believes that broader markets can still maintain a certain degree of flexibility by redirecting trade routes and drawing down inventories. Goldman Sachs believes the world has not yet fallen into a dead-end situation of oil depletion—for now, at least, it hasn’t. But if a disruption storm keeps the Strait of Hormuz cut off for a prolonged period, localized “oil shortages” and surging prices are bound to intensify further, especially in regions that rely most heavily on imports. (Source: PANews)