Brent oil prices could surge past record high if Iran war disruption persists, Goldman says

Attacks by Israel and Iran on energy infrastructure create an elevated supply risk beyond disruptions to the Strait of Hormuz, increasing upside pressure on oil and energy prices. Investors should adopt a risk-off stance for energy-exposed assets as this raises the likelihood of higher volatility in commodities and supply-chain-sensitive sectors.

Analysis

Attacks by Israel and Iran on energy infrastructure create an elevated supply risk beyond disruptions to the Strait of Hormuz, increasing upside pressure on oil and energy prices. Investors should adopt a risk-off stance for energy-exposed assets as this raises the likelihood of higher volatility in commodities and supply-chain-sensitive sectors.