Goldman Sachs CEO David Solomon said financial markets may not yet have fully priced in the scale of the ongoing conflict between the United States and Iran.
Solomon suggested that it could take several weeks for investors to fully absorb the economic and geopolitical consequences of the U.S. “special military operation” in Iran.
Energy markets remain particularly sensitive to the conflict. Several energy strategists have warned that oil prices could surge above $100 per barrel if the Strait of Hormuz were to be closed for an extended period.
The U.S.-Iran war is only in its fifth day, but the U.S. Senate voted down a War Powers resolution that would have required President Donald Trump to pull back from the war in Iran without congressional approval.
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