Macquarie Sees Oil Surplus Risk on US-Iran Deal Before Midterms
Macquarie analysts warn that oil markets face a potential oversupply situation before year-end if the US moves to resolve its conflict with Iran ahead of the midterm elections. With fewer than 100 days until the midterms, Washington is under increasing pressure to reach a deal, which could lead to additional Iranian oil flooding the market.
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Macquarie Sees Oil Surplus Risk on US-Iran Deal Before Midterms
Macquarie analysts warn that oil markets face a potential oversupply situation before year-end if the US moves to resolve its conflict with Iran ahead of the midterm elections. With fewer than 100 days until the midterms, Washington is under increasing pressure to reach a deal, which could lead to additional Iranian oil flooding the market.
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