Iran deal won't solve oil supply issues overnight. Barclays keeps $100 forecast

Despite the potential for a new deal with Iran to eventually stabilize oil supplies, Barclays cautions that it won't lead to immediate improvements in the global oil market. The bank highlights that reestablishing supply chains through the Strait of Hormuz could take weeks, underscoring the complexity of logistics and security concerns. This forecast keeps the oil price at $100 per barrel, indicating that while the deal is promising, its full impact on supply won't be felt quickly. This situation underscores the broader challenges in maintaining global oil supply stability.