The Iran war is driving an oil shock — but not a broad supply chain crisis, Goldman Sachs says

Oil's rally after the Iran conflict is expected to ripple through consumer prices.

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• The Iran war is sending oil prices surging — but Goldman says supply chains should hold up.
• Crude oil futures have climbed more than 70% this year after US and Israeli strikes on Iran.
• The bank sees a modest GDP hit and little risk of pandemic-style supply chaos.

The Iran war is driving an oil shock, but not a broad supply chain crisis, according to Goldman Sachs.