· Event impact

Crude Oil Falls on Hopes of Iran Deal

Type: commoditiesConfidence: 0.9Verified: keep
Increased oil supply from an Iran deal or through the Strait of Hormuz would alleviate inventory concerns, leading to lower crude oil prices.

Transmission path

Increased oil supply from an Iran deal or through the Strait of Hormuz would alleviate inventory concerns, leading to lower crude oil prices.

Market mechanism

Increased oil supply from an Iran deal or through the Strait of Hormuz would alleviate inventory concerns, leading to lower crude oil prices.

Exposed assets

DCOILWTICO · XOM · CVX · COP

Countries: US, Iran

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