New Delhi, March 5 -- A spike in risks to global energy supply chains is anticipated amid the escalating tensions in West Asia linked to the conflict involving Iran, particularly around the strategic Strait of Hormuz, said a report by Goldman Sachs.
The waterway remains one of the most critical chokepoints in global energy trade, with roughly one-fifth of the world's oil supply and a significant share of liquefied natural gas (LNG) shipments passing through the strait, the report noted.
The Goldman Sachs report highlighted that nearly 20 million barrels per day of oil supply and about 19 per cent of global LNG trade typically transit the route, making it vital for energy-importing nations, especially in Asia. Countries such as China, Indi...