Goldman's Struyven: Hedge Crude's Swings with Diesel

Daan Struyven, co-head of global commodities research at Goldman Sachs, said on Bloomberg Television that oil prices rose modestly following an announcement of potential US sanctions on Iran because existing port blockades already restrict Iranian oil exports. Struyven noted that the current blockade limits the additional market impact of new sanctions. He appeared on "The Close" with hosts Romaine Bostick and Sally Bakewell.

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