{
    "success": true,
    "data": {
        "id": 1623181,
        "msgid": "goldman-sachs-warns-of-us-iran-war-this-industry-could-collapse-1773841850",
        "date": "2026-03-18 19:30:00",
        "title": "Goldman Sachs Warns of US-Iran War: This Industry Could Collapse!",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Energy",
        "summary": "Goldman Sachs has warned that the escalating US-Iran conflict in the Middle East could severely disrupt global energy supply chains, with refined oil products like jet fuel and diesel facing greater impacts than crude oil itself. The bank highlights damage to Arab Gulf export capabilities, leading to record-high prices for jet fuel in Singapore and Northwest Europe, and significant risks to production of solar, jet fuel, and fuel oil worldwide. This vulnerability stems from heavy reliance on Middle Eastern supplies, affecting nearly 50% of Asia's naphtha imports and 40% of Europe's jet fuel imports, potentially triggering a major downturn in the energy sector.",
        "content": "<p>The ongoing conflict in the Middle East is predicted to have a far\ngreater impact on refined oil products such as jet fuel (avtur) and\ndiesel than on crude oil itself. The American investment banking giant,\nGoldman Sachs, warns that this situation could trigger severe shocks to\nthe global energy supply chain.<\/p>\n<p>In its latest report released on Wednesday (18\/03\/2026), the\nfinancial services company states that the conflict has damaged the Arab\nGulf\u2019s ability to export refined oil products. The most felt impact\ncurrently is hitting the supply of jet fuel for the European market and\nnaphtha for the Asian market.<\/p>\n<p>Around 60% of crude oil exports from the Arab Gulf are medium-heavy\ncrude types, which are the main raw materials for producing jet fuel and\ndiesel. This condition poses a major challenge because there are not\nmany alternative producers for these refined products outside the Middle\nEast region.<\/p>\n<p>\u201cPrices have surged much higher for many refined products compared to\ncrude oil, with jet fuel prices in Singapore and Northwest Europe\nrecording all-time highs above US$200 per barrel last week,\u201d Goldman\nSachs wrote in its report, quoted on Wednesday (18\/3\/2026).<\/p>\n<p>Goldman Sachs added that while it sees the largest direct effects\ncoming from the hit to Arab Gulf exports of refined products for\nEuropean jet fuel and Asian naphtha, severe disruptions to medium-heavy\ncrude oil supplies pose major downside risks to global production. This\nincludes production of diesel, jet fuel, and fuel oil overall.<\/p>\n<p>Based on the Argus US Jet Fuel Index, the average jet fuel price in\nthe United States reached US$3.99 per gallon on 15 March 2026. This\nfigure marks a very significant increase from the US$2.50 per gallon\nrecorded just two weeks before the conflict broke out in the region.<\/p>\n<p>The report also outlines that the ongoing conflict has led to the\nclosure of several oil refineries in the affected areas. This step\ndrastically reduces global production volume for commodities like\ndiesel, jet fuel, and fuel oil that are highly needed by international\nmarkets.<\/p>\n<p>According to Goldman Sachs\u2019 analysis, the global oil market\ndisruptions triggered by the war could also impact naphtha output and\ndistribution. Naphtha itself is a refinery byproduct used as the main\nraw material in producing various petrochemical products.<\/p>\n<p>The analysis reveals that nearly 50% of Asia\u2019s naphtha imports and\n40% of Europe\u2019s jet fuel imports come from the Arab Gulf. This high\ndependence on one region makes the market extremely vulnerable to\npolitical and security turmoil in the Middle East.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/goldman-sachs-warns-of-us-iran-war-this-industry-could-collapse-1773841850",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}