The new oil order that could emerge from an Iran deal

The new oil order that could emerge from an Iran deal

With a U.S.-Iran deal (maybe?) taking shape in coming days, the oil market that follows will look different than what preceded the war.Why it matters: The emerging deal — which would re-open the Strait of Hormuz while nuclear talks proceed — could return large amounts of barrels to the market.It's not a moment too soon as global oil stockpiles, which have somewhat tempered the crisis, are drawn down at record pace.Reality check: Things won't be normal for a long time, and the postwar definition...

Original Source

Read the full article at Axios →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.