Oil prices may double Goldman Sachs
Prolonged disruption in the Red Sea could eventually have a major impact on energy markets
Global prices for crude oil will double if disruptions triggered by Yemen's Houthi rebels also affect the Strait of Hormuz, Daan Struyven, Goldman Sachs' head of oil research, said on Saturday in an interview with CNBC.
The Houthis have staged a de facto blockade of shipping through the Red Sea and co