Oil prices may double – Goldman Sachs ...News

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Oil prices may double – Goldman Sachs
source : Russia Today ( News ) () 82
Prolonged disruption in the Red Sea could eventually have a major impact on energy markets Global prices for crude oil will double if disruptions triggered by Yemen’s Houthi rebels also affect the Strait of Hormuz, Daan Struyven, Goldman Sachs’ head of oil research, said on Saturday in an interview with CNBC. The Houthis have staged a de facto blockade of shipping through the Red Sea and continued to attack cargoes following the escalation of hostilities between Israel and Hamas in Gaza. The Yemen-based militants target vessels thought to be linked to Israel, which they say is in solidarity with the plight of the

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