Traders Question How Much Iranian Oil Can Really Return to Market

Amid ongoing US-Iran negotiations and a temporary sanctions waiver, traders are scrutinizing the potential return of Iranian oil to the global market. Despite easing supply concerns, the market remains skeptical about the actual volume of oil that will be available. Meanwhile, a looming "Super El Niño" is expected to cause significant disruptions in global commodity markets due to its unprecedented intensity, adding another layer of uncertainty. This confluence of factors underscores the complex dynamics shaping current energy and commodity market trends.