Israel-Iran conflict may cause oil prices to rise by $20/barrel globally, Goldman Sachs said, despite oil prices remaining relatively stable since October 7 attack due to increased production by US. Israel's retaliation to Iran's missile attack could target Iranian oil production facilities. It may also provoke Tehran to respond with strike on Saudi oil facilities, similar to the 2019 attack.
short by
Ashley Paul /
01:19 pm on
05 Oct