Geopolitical tensions, including US/Iran fighting and Venezuelan expansion, are affecting crude supply and driving up Brent price forecasts from Goldman Sachs.
20 reports, 4 independent
Updated Oct 1
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What happened
Geopolitical tensions, including US/Iran fighting and Venezuelan expansion, are affecting crude supply and driving up Brent price forecasts from Goldman Sachs.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Venezuelan imports are driving US price pressures while Iran War impacts oil run-up.1 source
IEA sharply lowers output forecasts as Middle East disruptions and Iran conflict deplete market buffers.1 source
US revenue from Venezuela and the outcome of the Iran war are affecting US policy and oil markets.1 source
US Treasury license enabled Venezuelan expansion amid US-Iran tensions, driving up Brent price forecasts.1 source
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The entities involved
- Brent
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Venezuela
Country in Latin America
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Goldman Sachs
American investment bank
Related events
- Crude price rise, driven by US-Iran tensions and fears of Strait of Hormuz disruption, is affecting overall market sentiment and banking stocks.
- Qatar mediated talks between Iran and the US, easing oil supply concerns while the RBA announced its rate decision.
- Diplomatic progress in the Middle East led to a crude price slump, followed by a rebound due to escalation fears.
- Expanding crude output via private deals in Venezuela.
- Trump's actions push crude oil prices above $75 after declaring Iran ceasefire over and threatening strikes.