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Kevin Donegan, retired U.S. Navy vice admiral, explains naval options for escorting ships through the Strait of Hormuz. Dennis Ross, longtime U.S. Middle East advisor, explores mediation, China and Russia’s leverage, and control of the strait. Sanam Vakil of Chatham House analyzes Iran’s regime calculations, sanctions dynamics, and why a quick resolution is unlikely.

Goldman Sachs’ Alex Blostein and Vivek Bantwal discuss the market sentiment, fundamentals, and the outlook for the private credit sector. This episode was recorded on March 19th and 20th. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose. Each name of a third-party organization mentioned is the property of the company to which it relates, is used here strictly for informational and identification purposes only and is not used to imply any ownership or license rights between any such company and Goldman Sachs. A transcript is provided for convenience and may differ from the original video or audio content. Goldman Sachs is not responsible for any errors in the transcript. This material should not be copied, distributed, published, or reproduced in whole or in part or disclosed by any recipient to any other person without the express written consent of Goldman Sachs. Disclosures applicable to research with respect to issuers, if any, mentioned herein are available through your Goldman Sachs representative or at http://www.gs.com/research/hedge.html Goldman Sachs does not endorse any candidate or any political party. Copyright 2026. All rights reserved. Learn more about your ad choices. Visit megaphone.fm/adchoices

Lloyd Blankfein, former Goldman Sachs CEO and author of Streetwise, reflects on his Brooklyn roots and rise to leadership. He discusses preserving partnership culture, how public ownership changed incentives, early warning signs before 2007–2008, and the risk management mindset used to steer the firm through crisis. He also talks about launching programs to connect with communities and why he wrote his memoir.

Kamakshya Trivedi, Chief FX and Emerging Market Strategist at Goldman Sachs Research, breaks down currency moves and EM resilience. He discusses markets pricing an oil-driven inflation shock, why typical hedges underperformed, the dollar’s support, AI-driven earnings in Korea and Taiwan, and balancing tech with commodity exporters.

Goldman Sachs International Co-CEOs Anthony Gutman and Kunal Shah discuss CEO sentiment, market volatility, and the case for Europe. This episode was recorded on March 12, 2026. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose. Each name of a third-party organization mentioned is the property of the company to which it relates, is used here strictly for informational and identification purposes only and is not used to imply any ownership or license rights between any such company and Goldman Sachs. A transcript is provided for convenience and may differ from the original video or audio content. Goldman Sachs is not responsible for any errors in the transcript. This material should not be copied, distributed, published, or reproduced in whole or in part or disclosed by any recipient to any other person without the express written consent of Goldman Sachs. Disclosures applicable to research with respect to issuers, if any, mentioned herein are available through your Goldman Sachs representative or at http://www.gs.com/research/hedge.html Goldman Sachs does not endorse any candidate or any political party. © 2026 Goldman Sachs. All rights reserved. Learn more about your ad choices. Visit megaphone.fm/adchoices

Goldman Sachs Research’s Gabriela Borges explains how AI disruption has been affecting the software sector and what it will take for the sector to stabilize. For more, also read the related Goldman Sachs Research’s Top of Mind report, Will AI eat software? This episode was recorded on March 10, 2026. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose. Each name of a third-party organization mentioned is the property of the company to which it relates, is used here strictly for informational and identification purposes only and is not used to imply any ownership or license rights between any such company and Goldman Sachs. A transcript is provided for convenience and may differ from the original video or audio content. Goldman Sachs is not responsible for any errors in the transcript. This material should not be copied, distributed, published, or reproduced in whole or in part or disclosed by any recipient to any other person without the express written consent of Goldman Sachs. Disclosures applicable to research with respect to issuers, if any, mentioned herein are available through your Goldman Sachs representative or at http://www.gs.com/research/hedge.html Goldman Sachs does not endorse any candidate or any political party. © 2026 Goldman Sachs. All rights reserved. Learn more about your ad choices. Visit megaphone.fm/adchoices

Daan Struyven, Co-head of Global Commodities Research and Head of Oil Research at Goldman Sachs, offers short takes on oil market moves after Iran strikes. He walks through flow disruptions, insurance and export impacts, spare capacity limits, and how markets price risk. He also flags strategic reserve use, gold as a hedge, and key signals to watch next.

Bruce Kirk, Chief Japan Equity Strategist at Goldman Sachs Research, offers a concise take on how Japan’s snap election may reshape market risk and investor demand. He breaks down why supermajorities historically expanded P/E multiples, the role of policy clarity and corporate governance progress, and how foreign allocation gaps could fuel further inflows.

Ryan Hammond, a Goldman Sachs portfolio strategist focused on equity strategy and sector rotation, explains how AI is reshaping markets. He breaks down the sharp derating in software, pressure on advertising and consulting, and why recent LLM rollouts triggered fresh repricing. He also discusses capex surges, funding strains, and how earnings will decide whether current sell-offs prove temporary.

David Craver, Co-CIO of Lone Pine Capital and long-term fundamental investor, talks market structure shifts since the late 1990s and why higher single-stock volatility matters. He explains how passive flows and multi-strat behavior create openings for valuation-focused investors. He outlines Lone Pine’s concentrated, duration-driven research approach and makes the case for AI as a generational infrastructure shift.