IRAN'S OIL SALES TO EVERYONE BUT ISRAEL – WHAT THIS MEANS FOR $CL 🛢️
Iran's official news agency confirms they're ready to supply oil globally with one exception — Israel. Meanwhile, U.S. Vice President Vance just stated commercial shipping has had free transit for the past three days.
That's shipping lanes reopening and a major exporter expanding supply. The market is still digesting this, but volume is already picking up on crude futures. Geopolitical risk premium is shifting from supply disruption to potential oversupply.
Do you think this puts a ceiling on oil near term or is the market ignoring it?
Not financial advice. Always manage your risk.
#CL #OilMarket #Geopolitics #Energy #Supply
🛢️
Iran's official news agency confirms they're ready to supply oil globally with one exception — Israel. Meanwhile, U.S. Vice President Vance just stated commercial shipping has had free transit for the past three days.
That's shipping lanes reopening and a major exporter expanding supply. The market is still digesting this, but volume is already picking up on crude futures. Geopolitical risk premium is shifting from supply disruption to potential oversupply.
Do you think this puts a ceiling on oil near term or is the market ignoring it?
Not financial advice. Always manage your risk.
#CL #OilMarket #Geopolitics #Energy #Supply
🛢️