Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Oil Drops 8 Percent on Iran Deal Hopes What Happens Next
Episode 47 of Energy Economics with Fexingo examines the dramatic 8.2% drop in oil prices over five sessions on news of a potential U.S.-Iran deal reopening the Strait of Hormuz and lifting sanctions. Lucas and Luna walk through what's really happening: Brent crude at $86.48 a barrel, the market pricing in a wave of Iranian supply, and why the slide might be overdone. They dig into the mechanics of the Iran deal headlines, Iran's state media claims, and why Brent's 5-day rout mirrors the Kuwait airspace closure spike from a few weeks ago. Plus: why the 10-year breakeven…
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