Already up 15% over the last two weeks, prices for the Brent crude oil international benchmark could soar to its highest level in years if Iran blocks a key oil chokepoint.
ByDerek Saul
ByDerek Saul,
Forbes Staff.
Oil prices may rise to multiyear highs if Iran retaliates on U.S. strikes by blocking a crucial chokepoint for global energy, warned Goldman Sachs, throwing a new wrench in the multiyear fight against inflation.
Iran plays a crucial role in global oil flows. Pictured is the Port of Kharg Island Oil Terminal.
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