finance
Goldman Sachs Executive Discusses Strait of Hormuz, Middle East Tensions
A Goldman Sachs executive stated that the Strait of Hormuz is unlikely to return to its initial state without significant changes in the region. The comments were made in the context of ongoing tensions in the Middle East, including developments in the Iran war. The executive also shared insights from a recent trip to the Gulf and discussed business and diplomatic relations.
SQ
/goldman_sachs_logo-56a2ee373df78cf7727b34a2.jpg){kind=logo}
investopedia.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Jared Cohen, president of global affairs and co-head of the global institute at Goldman Sachs, stated that the Strait of Hormuz will not reopen as it did initially unless there is a major shift in the current regime. He made these remarks during an interview on CNBC's 'Squawk Box,' addressing tensions in the Middle East.
comments come amid ongoing developments in the Iran war, as reported by @SquawkCNBC. He discussed takeaways from his recent trip to the Gulf region, highlighting challenges and opportunities for conducting business in the Middle East.
The executive also touched on U.S.-Israel relations and other related topics during the discussion. The Strait of Hormuz serves as a critical waterway for global oil transport, and any disruptions could affect international trade routes.
“Unless the regime miraculously collapses, the Strait of Hormuz will never reopen the way that it did in the beginning,”
