Finance & Banking — Strait of Hormuz crisis impacts global oil supplies, Fed considers rate cuts.

Finance & Banking · 2026-05-09

Three forces are converging on bank and portfolio risk models simultaneously. First, the Iran-war-driven Hormuz closure has burned through nearly a billion barrels of global oil inventories at an unprecedented pace — a direct input cost shock that feeds into inflation prints and ECB/Fed reaction functions. Goldman Sachs has now pushed its Fed cut forecast to December 2026 and March 2027, and the…