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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 definit…

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AxiosCenter·3h ago
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 definit…
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The new oil order that could emerge from an Iran deal

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