Financial institutions forecast crude oil prices amid Middle East tensions, citing production in Iraq and Kuwait near Hormuz.
Steady: 0 in the last 7 days
Updated sep 21
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How it started
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What happened
Financial institutions forecast crude oil prices amid Middle East tensions, citing production in Iraq and Kuwait near Hormuz.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Robert Isom presented warnings at a Morgan Stanley conference regarding oil supply disruption driven by geopolitical conflict.Sub-event
- Goldman Sachs provided an estimate for pipeline construction time while Iran repeatedly sought to close the Strait of Hormuz.Sub-event
Financial firms adjust Brent crude forecasts due to Middle East conflict and oil production risks.1 source
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The entities involved
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Goldman Sachs
American investment bank
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Morgan Stanley
U.S. investment bank
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Kuwait
sovereign state in Western Asia
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Iraq
sovereign state in Western Asia
Related events
- Goldman Sachs provides forecasts on Brent crude prices as demand shifts affect the Gulf oil market and flows through the Strait of Hormuz.
- Geopolitical tensions, including US/Iran fighting and Venezuelan expansion, are affecting crude supply and driving up Brent price forecasts from Goldman Sachs.
- The Middle East conflict is causing oil price increases and inflation, leading central banks to manage policy amid global pressures.
- Oil flows through the Strait of Hormuz as geopolitical risks in the Middle East affect oil prices, with Iraq ready to resume production.
- Iranian attacks disrupt oil flow through Hormuz, impacting global oil market stability.