Goldman Sachs Warns of 'Greatest Oil Crisis Ever' Amid Escalating Iran Conflict — NRG-IA

Oil Market in the 'Dangerous Zone' American investment giant Goldman Sachs has issued a critical alert regarding the state of the global oil market, describing the current context as the greatest oil crisis of all time. According to a recent analysis, the market has entered a "dangerous zone," as the question of a real supply shortage has become a global urgency. Goldman Sachs examines three essential indicators suggesting that the current volatility, fueled by the conflict in Iran, could permanently reshape energy flows. Beijing's Reaction: Energy Security as Absolute Priority Facing this global energy shock, Chinese President Xi Jinping has officially called for the acceleration of the planning and construction of a new energy system. The decision, labeled as "major" by the Communist Party, comes just weeks after hostilities in the Iran region began generating shockwaves in supply chains. China aims to protect its economy from potential blockades in the Strait of Hormuz and extreme fluctuations in barrel prices. Impact at the Pump in Romania: Price Cuts Under Global Pressure Locally, the effects of the global crisis are partially offset by legislative interventions. Starting April 7, 2026, diesel prices dropped at Romanian filling stations following a 30-bani per liter excise tax cut decided by the Government. At OMV Petrom and SOCAR stations, the price of diesel fell to approximately 10.13 RON per liter, down from 10.39 RON. However, analysts warn that the benefit of the excise cut is fragile; for instance, Rompetrol aggressively raised prices for premium variants, partially canceling the reduction for certain consumer categories. "The Petromidia refinery, which covers 27% of fuel consumption, has resumed activity at full capacity," stated Energy Minister Bogdan Ivan, providing a note of stability to the domestic supply in this tense climate. Regional Context and Diplomatic Efforts Tensions are not limited to the Middle East. In Central Europe, Prime Minister Viktor Orban acknowledged uncertainty regarding the perpetrators of the sabotage on the Serbian-Hungarian gas pipeline, highlighting the vulnerability of critical infrastructure in the context of the energy war. Simultaneously, Ukrainian President Volodymyr Zelensky has proposed a truce to Russia, through American mediators, aimed at ceasing attacks on the energy infrastructure of both countries—a move that could partially de-escalate regional energy markets if accepted. This article was generated with the assistance of Aurora AI and editorially verified.