Goldman Sachs warns an extended disruption in Strait of Hormuz could double oil price

<p>Goldman Sachs on oil prices, via an interview with CNBC:</p><ul><li>"If you have a disruption in the Strait of Hormuz for a month, [oil] prices would rise by 20% and could even eventually double if the disruption of the Strait of Hormuz lasted for longer"</li></ul><p>—</p><p>Disruption is looking more likely than it has done in a while:</p><ul><li><a href="https://www.forexlive.com/news/oil-traders-note-biden-is-drawing-up-plans-that-include-striking-houthi-targets-in-yemen-20240105/" target="_blank" rel="follow" data-article-link="true">Oil traders note – Biden is drawing up plans that include striking Houthi targets in Yemen</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.