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Bank: Gas Price Could Double if Strait Hormuz Misses a Month
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Disruptions to the flow of gas through the important Strait of Hormuz could have major consequences for Europe, where stocks are currently at a low level.
European natural gas prices could more than double if shipping through the Strait of Hormuz is halted for a month, experts from the American bank Goldman Sachs say, after major shipping traffic in the crucial strait came to a virtual standstill due to the attacks around Iran.
·Apeldoorn, Netherlands (Kingdom of the)
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