US EditionWhy the oil market hasn't seen the Iran war doomsday scenario that experts warned about
3 Articles
3 Articles
The effects of the Iran war will get worse before it turns around, believes Nordea's oil expert and chief analyst Thina Saltvedt. Even if, contrary to expectations, there should be a quick peace settlement. “This is when the blockade of the Strait of Hormuz is starting to be felt. This is when the oil is starting to run out,” she tells TT.
The effects of the Iran war will get worse before it turns around, believes Nordea's oil expert and chief analyst Thina Saltvedt. Even if, contrary to expectations, there should be a quick peace settlement. – This is when the blockade of the Strait of Hormuz is starting to be felt. This is when the oil is starting to run out, she tells TT.
Why the oil market hasn't seen the Iran war doomsday scenario that experts warned about
Mario Tama/Getty ImagesUS oil is trading around $95 a barrel, far below some of the most dire price predictions during the Iran war.Goldman Sachs says three things are keeping pricing stable.Oil experts broke down why some of the most extreme scenarios haven't played out.Oil prices haven't seen the dramatic surge that some warned about from the war in Iran.Crude futures are above prewar levels, but still well below the more dire spikes to $200 t…
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Bias Distribution
- 67% of the sources lean Right
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