Goldman Sachs analysis points out that although global oil reserves are not exhausted, there are increasing signs that pressure is being transmitted, and in the worst-case scenario, localized oil shortages and soaring prices are bound to intensify. According to Goldman Sachs' report, the direct impact of this supply disruption is most evident in Asia, as several countries in the region are heavily reliant on refined oil imports from the Persian Gulf. Nevertheless, the bank has not directly labeled this situation a "structural supply crisis." Large economies like Japan still hold substantial strategic reserves and are better positioned to weather this storm. Goldman Sachs believes that the broader market can maintain some flexibility by redirecting trade routes and depleting inventories. Goldman Sachs believes the world is not yet facing an oil shortage, at least not yet. However, if the supply disruption in the Strait of Hormuz persists, localized oil shortages and soaring prices are bound to intensify, especially in regions most heavily reliant on imports. (Jinshi)