Goldman Sachs Sees $20 Upside to Oil Prices on Iran Supply Shock

International crude oil prices could surge by $20 per barrel if Iran’s oil supply drops in a possible escalation of the Middle East conflict, Goldman Sachs says. “If you were to see a sustained 1 million barrels per day drop in Iranian production, then you would see a peak boost to oil prices next year of around $20 per barrel,” Daan Struyven, co-head of global commodities research at Goldman Sachs, told CNBC’s “Squawk Box Asia” on Friday. However, this projection is based on the assumption that the OPEC+ group…