Why a U.S.-Iran nuclear deal won’t derail our structurally bullish thesis: The MUFG Global Markets Podcast

U.S.-Iranian nuclear talks are reaching a decisive point. While the incentives to strike a deal have increased for the U.S. – with oil prices now at seven year highs – the lack of direct U.S.-Iran talks, as well as unresolved key areas of disagreement, signals that the expected ramp-up in Iranian oil barrels will take time and patience.

Ehsan Khoman, Head of Emerging Markets Research (EMEA), believes that at best, an interim deal can be reached by the summer, permitting an additional 0.5m barrels per day of Iranian crude exports.

Listen in to this week’s podcast wherein Ehsan offers his insights as to the likely expected impact on oil prices from the potential return on Iranian crude onto global oil markets, and why a deal would not derail his structurally bullish oil conviction.

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