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G Sachs Foresees Mideast Transport Disruption to Last Until Mid-Apr, Hikes Oil Price/ CPI Forecasts for Asia
2026-03-24 10:49:17
Goldman Sachs anticipated that the transport disruption in the Strait of Hormuz will persist until mid-April, and prop up energy prices. The broker raised its forecast for the average crude oil price in Asia for the remainder of this year by 30% and increased its CPI inflation forecast by an average of 0.6 ppts.

However, there are evident regional differences, with South Korea, China, and Japan experiencing nearly zero impact in light of subsidy mechanisms, while Thailand and the Philippines see an increase of over 1 ppt.
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AASTOCKS Financial News
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