Goldman Sachs says Purple Sea terror threats unlikely to have an effect on oil and LNG costs

Goldman Sachs says that the disruptions in Purple Sea as a result of terror threats are unlikely to have massive results on crude oil and LNG costs. GS says that there are alternatives for vessel redirection and that this means that manufacturing shouldn’t be immediately impacted.

Background to this:

• BP has paused all tanker transits through the Red Sea

And, there are strikes afoot to fight the menace:

• Pentagon expected to announce Operation Prosperity Guardian to protect Red Sea

This text was written by Eamonn Sheridan at www.forexlive.com.