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Episode 98: Iran signs, crude breaks $80, but we're now oversold
Felipe Elink Schuurman, Neil Crosby and James Noel-Beswick dig into the signed Iran-US MOU and a market pricing rapid de-escalation. Crude under $80, Dubai swaps in contango, an oversold barrel. They weigh whether Hormuz reopens cleanly or shipping delays keep oil short for longer.
Chapters:
(00:31) The Iran MOU: signed, but what was signed?
A $300bn package, a 60-day Hormuz waiver and a deal that looks better for Iran than the US.
(06:31) Scenarios: oversold now, but is it real?
Dubai swaps in contango, longs washed out. Neil maps the path from here over the next six weeks.
(15:43)…
The skinny
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