Iran War Could Raise Canadian Inflation by 1 to 2.3 Percentage Points: Goldman Sachs
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Category: WARS & RUMORS OF WARS
Summary:
A Goldman Sachs report dated March 20 warns that oil price shocks from the Middle East conflict could increase Canadian inflation by 1 to 2.3 percentage points over the next year. In a baseline scenario with the Strait of Hormuz closed for six weeks, inflation may rise by 1 percent, with Brent crude averaging US$115 in April before falling to US$80 by year-end. If the closure persists for more than 10 weeks, inflation could rise by an additional 2.3 percentage points, and Brent crude prices could reach US$160, surpassing the 2008 record of US$147. The Strait of Hormuz is identified as a key waterway for global energy supplies.
Mysterion Insights
Scripture: James 4:13-15 (NASB 1977)
"Come now, you who say, “Today or tomorrow, we shall go to such and such a city, and spend a year there, and engage in business and make a profit.” Yet you do not know what your life will be like tomorrow. You are just a vapor that appears for a little while and then vanishes away. Instead, you ought to say, “If the Lord wills, we shall live and also do this or that.”"
Commentary:
Market forecasts can look precise on paper. Yet a single chokepoint like the Strait of Hormuz can jolt prices and household budgets overnight, and people feel it first at the gas pump. James confronts the illusion of control behind confident plans. This pressure is tied to conflict around Israel and the surrounding waters, and turmoil on land God gave to Israel carries unique prophetic weight. Scripture also sketches patterns where unrest and shifting access to trade expose how fragile nations’ stability can be.
Prophetic Trend:
Strategic waterways and Israel-linked conflict are increasing economic volatility, showing how quickly global systems can be strained when access, trade, and security tighten.
Mysterion Prophetic Impact Rating: C - Measured What does this mean?
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Source Excerpt:
Oil price shocks from the ongoing conflict in the Middle East could raise inflation in Canada by between 1 and 2.3 percentage points, according to a report by Goldman Sachs. A March 20 report by the multinational investment bank said that over the next year, inflation in Canada could rise by 1 percent in a baseline scenario where the Strait of Hormuz—a key waterway for global energy—stays closed for six weeks. Brent crude would average at US$115 in April but fall to US$80 by the end of the year. However, in a scenario where the Strait remains closed for more than 10 weeks, inflation in Canada could rise by an additional 2.3 percentage points. Brent crude would hit US$160 in that scenario, beating the 2008 record of US$147.......
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Source: The Epoch Times
Posted on 03-24-2026 21:44