Goldman Sachs CEO surprised by calm market reaction to Iran conflict

nypost.com

Goldman Sachs CEO David Solomon expressed surprise at the market's calm reaction to the escalating Iran war. Solomon noted that despite Iran shutting down the Strait of Hormuz, a critical oil route, and threats to shipping, investor panic has been limited, with stock market dips being "benign." The CEO believes it will take weeks for markets to fully assess the conflict's implications, warning of potential cumulative effects on energy supply chains and consumer sentiment if the war prolongs.


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Goldman Sachs CEO surprised by calm market reaction to Iran conflict | News Minimalist