Goldman Sachs Says Iran Conflict Risks Could Send Oil to $100 and Weigh on Global Growth
Goldman Sachs warns that a widening conflict in Iran, which could curtail Middle East oil and gas flows, raises the risk of a temporary oil price surge to $100 per barrel. Under its baseline, the bank expects only modest economic effects, but a jump to $100 would materially increase global inflation and slow growth, with implications for monetary p…