What Is the Outlook for Diesel and Gasoline Supplies? | 28 Aug 2026 | The Markets | Goldman Sachs

Note: Filmed on August 26, 2026

1. Executive Briefing (TL;DR)

• Top Key Takeaways:

  • Six-Month Strait of Hormuz Closure & Market Resilience: Despite six consecutive months of the Strait of Hormuz being closed, global energy markets have remained unexpectedly resilient due to adaptive supply rerouting and protective measures, holding prices in a tolerable range [00:00:21].
  • Acute Refined Product Bottlenecks: While crude oil supplies have survived the peak summer demand window without a major price spike [], the global downstream refining complex remains severely constrained due to supply cuts across the Persian Gulf, Ukrainian drone strikes on Russian refining capacity, and Chinese domestic preservation policies [].