1 of 1
Story summary
- Lloyd Blankfein, former Goldman Sachs CEO, says the Iran war will not last long due to its severe global impact.
- In a CNBC interview, he says resistance to the conflict is widespread.
- Oil prices rose to $117 per barrel as the war escalated.
- Blankfein warns that a prolonged conflict could disrupt markets, especially if the Strait of Hormuz is closed.
- He believes short-lived conflicts typically have minimal market effects.
