Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
How the Iran Deal Could Reshape Oil Markets
Futures for crude oil and Brent have fallen over 10% in the last five days, and a major catalyst may be political: reports that the Trump administration is close to finalizing a deal with Iran that could reopen the Strait of Hormuz and bring Iranian oil back to global markets. Lucas and Luna break down the numbers: WTI crude at $96.60, Brent at $100.21, and the geopolitical calculus behind the slide. They explore how much supply could actually come online — Iran's current production is around 3.2 million barrels per day, with perhaps 500,000 to 1 million barrels of export capacity in the…
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