Iran conflict will give jet fuel a harder price shock than crude: Goldman Sachs 

RIYADH: The ongoing conflict in the Middle East is expected to have a greater impact on refined petroleum products such as jet fuel and diesel than on crude oil itself, according to Goldman Sachs. In its latest report, the financial services company said the conflict has already undermined the Arabian Gulf’s ability to export refined oil products, particularly European jet fuel and Asian naphtha. About 60 percent of crude oil exports from the Arabian Gulf are medium-heavy crude, mainly used for producing jet fuel and diesel.

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