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PatrickO'Brian posted an update 5 years, 12 months agoWhere Do Oil Prices Go If President Trump Spikes The Iran Deal?It seems highly likely that President Donald Trump will withdraw from the 2015 Iran nuclear deal by the May 12 deadline. The implications of such action for global oil markets are far-reaching and it's one of the primary drivers of prices today.
The current market volatility around the reimposing sanctions make me think they will rise on fear and settle back down at the $60-65 range.