Goldman Sachs: oil market remains in 'highly uncertain' Middle East environment

Goldman Sachs commodities co-head Daan Struyven said that despite a US-Iran ceasefire and oil tankers moving through the Strait of Hormuz, risks around oil remain "very, very significant." He added that China's weak oil import levels are unsustainable and Beijing will seek to restock supplies and diversify energy sources following the recent supply shock.