Goldman Sachs: Oil Shipping Costs Jump Nearly Sevenfold Due to Middle East War

Goldman Sachs said global oil shipping costs rose nearly sevenfold over the past year due to the war in the Middle East and are likely to remain elevated. The bank warned that continued increases could push oil prices above its end-of-year forecasts.

AI-written summary of 3 sources; every verified point is backed by a verbatim quote. How Iyan works

• Global oil shipping costs have risen roughly sevenfold over the past year, according to Goldman Sachs.

  «Global shipping costs for oil have surged about sevenfold over the past year because of the war in the Middle East»

  Bloomberg
• Goldman Sachs expects shipping costs to remain elevated.

  «they are likely to remain elevated, according to Goldman Sachs Group Inc.»

  Bloomberg
• The bank warned that continued rises in crude oil shipping costs could push oil prices above its forecasts.

  «يشكل مخاطر تدفع أسعار النفط إلى تجاوز توقعاته.»

  الشرق الأوسط
• Higher costs could push Brent crude to levels above expectations.

  «وتكمن الخطورة في أن ارتفاع الكلفة قد يدفع برنت إلى مستويات أعلى من المتوقع.»

  الشرق الأوسط

Iyan — See it for yourself. What changed in your world today, why it matters, and how we know.
How it works • Privacy • Terms