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Bloomberg

Goldman Sachs's Bell on Economic, Markets Impact of War

Sharon Bell, senior European equity strategist at Goldman Sachs, says the Iran war will continue to have a negative economic impact even if there's a fast resolution. "You'll still see people seeing higher energy costs, etc., and therefore lower confidence and low growth," Bell tells Bloomberg Television. "PMI surveys, for example, have already started to come down. So I think there's already been damage. It's really a case of how permanent that is or not."

Read more: Goldman Sachs's Bell on Economic, Markets Impact of War
Bloomberg

Goldman Sachs Sees Longer-Lasting Economic Hit From War

Sharon Bell, senior European equity strategist at Goldman Sachs, says the Iran war will continue to have a negative economic impact even if there's a fast resolution. "You'll still see people seeing higher energy costs, etc., and therefore lower confidence and low growth," Bell tells Bloomberg Television. "PMI surveys, for example, have already started to come down. So I think there's already been damage. It's really a case of how permanent that is or not.

Read more: Goldman Sachs Sees Longer-Lasting Economic Hit From War
Bloomberg

Foss: Demand Disruption in Refined Products Not Brent

Oil whipsawed after the Wall Street Journal reported President Trump telling aides he's willing to end the military campaign in Iran even if the crucial Strait of Hormuz remains largely closed. Sasha Foss, Energy Analyst at CSC Commodities Marex spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the future of oil prices.

Read more: Foss: Demand Disruption in Refined Products Not Brent
Bloomberg

Oil Swings on Trump War Report, Kuwaiti Tanker Attack

Oil fluctuated after the Wall Street Journal reported that US President Donald Trump told aides he's willing to end the military campaign in Iran even if the vital Strait of Hormuz remains largely closed. Earlier crude jumped when Iran attacked a Kuwaiti oil tanker near Dubai. Bloomberg's Stephen Stapczynski reports.

Read more: Oil Swings on Trump War Report, Kuwaiti Tanker Attack
Bloomberg

Iran War: What Attack on Kuwaiti Tanker Signals

Iran's attack on a Kuwaiti oil tanker near Dubai is a "critical signal" that Tehran is choosing retaliation over negotiation, BCA Research Chief Geopolitical Strategist Matt Gertken tells Bloomberg's "The China Show." He says it would undermine market confidence in President Donald Trump's ability to secure a diplomatic solution, despite a report that he's willing to end the war even if the Strait of Hormuz remains largely closed.

Read more: Iran War: What Attack on Kuwaiti Tanker Signals
Bloomberg

Where to Invest After $12 Trillion Market Cap Wipeout

Volatility from the Iran conflict has resulted in the single largest month of value destruction on record, with $12 trillion in market cap erased across global benchmarks, Bloomberg's China Show reports. Dina Ting, Head of Global Index Portfolio Management at Franklin Templeton, says the key to navigating this "manic" period is diversification.

Read more: Where to Invest After $12 Trillion Market Cap Wipeout