Goldman Sachs reports 65% chance that U.S. will intervene in Iran—and says OPEC will be key buffer in oil volatility
- Rising tensions between the U.S., Iran, and Israel have fueled speculation about possible U.S. military intervention, with Goldman Sachs reporting a 65% chance of action against Iran by July, leading to increased oil price volatility and shipping costs, especially around the critical Strait of Hormuz. However, OPEC+’s substantial spare capacity is seen as a key buffer against major supply disruptions, while the surge in oil prices has also strengthened the U.S. dollar amid global uncertainty.