Flash News

Goldman Sachs: oil supply in the Persian Gulf is expected to resume by the end of July if negotiations continue in the Americas

On 9 July, Goldman Sachs predicted that if 60 days of negotiations continued and Iranian oil exemptions resumed, oil flows in the Persian Gulf would be restored by the end of July, which would require an additional 6.6 million barrels per day in the Strait of Hormuz. In the event of a breakdown in negotiations and an escalation of the oil tanker attack, and the possibility that the United States might impose a blockade on Iranian oil, there could be a further decline in the Gulf. Kim Xian

OKX - Unlock Rewards