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

ME News Report, April 6 (UTC+8), Goldman Sachs analysts pointed out that although global oil has not run out, increasing signs indicate that pressure is continuously transmitting, and in the worst case, localized “oil shortages” and soaring prices are bound to intensify. Despite this, the bank did not directly label this turmoil as a “structural supply crisis.” Large economies like Japan still hold substantial strategic reserves, giving them more confidence to withstand this storm. Goldman Sachs believes that the broader market can still maintain some flexibility by redirecting trade routes and consuming inventories. Goldman Sachs believes that the world has not yet fallen into an oil depletion crisis, at least for now. But if the disruption of the Strait of Hormuz persists, localized “oil shortages” and price surges will inevitably worsen, especially in regions that are most heavily dependent on imports. (Source: PANews)