Oil hits over 1-week low on hopes of boost to diplomacy in Iran war - Reuters
Why now
Thesis: Oil at one-week low on Iran diplomacy hopes
Catalyst to watch: Diplomacy progress or breakdown
Main risk: Diplomacy failure revives risk premium
Why it matters
Oil at a one-week low on diplomacy hopes in the Iran war reduces the geopolitical risk premium embedded in crude.
Related assets & topics
OilSources
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