Goldman Sachs says Red Sea terror threats unlikely to affect oil and LNG prices

Goldman Sachs says that the disruptions in Red Sea due to the terror threats are unlikely to have large effects on crude oil and LNG prices. GS says that there are opportunities for vessel redirection and that this implies that production should not be directly impacted.

Background to this:

• BP has paused all tanker transits through the Red Sea

And, there are moves afoot to combat the threat:

• Pentagon expected to announce Operation Prosperity Guardian to protect Red Sea