Asian Equities Drop $15 Billion on Goldman Oil Shock Warning

Financial outlets describe the Iran‑linked oil shock as a serious threat to growth and inflation, with debate over whether it is a brief spike or a new normal. They highlight that refined fuels like jet fuel and diesel are under particular pressure, which could hurt airlines, transport and manufacturing while boosting some refiners. They expect continued volatility in equities, currencies and commodities as investors reassess energy exposure and central bank paths.

• •Goldman Sachs warns that the current oil spike could cut global GDP by about 0.3% and lift inflation, especially in energy‑importing countries.
• •Traders have pulled around $15 billion from Asian equities as they reposition for higher energy costs and weaker regional growth.
• •Quant ratings at Goldman Sachs and similar firms now see US refiners such as PBF Energy and Par Pacific as strong buys because tighter product markets support margins.
• •Market commentary tracks three main signals to judge whether the Iran oil shock will be temporary or the start of a longer period of tight supply and high prices.
• •Gold prices have held steady while the US dollar eased, as investors balance safe‑haven demand against expectations for interest rates and the oil‑driven inflation outlook.