Goldman Sachs on Hedging Crude Oil and Diesel Market Swings

Goldman Sachs' Daan Struyven explained that new US sanctions on Iran had only a modest impact on oil prices because existing port blockades are already effectively preventing Iranian oil from reaching global markets. Rather than reacting dramatically to fresh sanctions announcements, the market appears to have already priced in the restrictions on Iranian oil exports. Struyven suggested using diesel as a hedge against crude oil price volatility.