The Iran Deal Is Dead; Here's What That Means for Crude Oil Prices

Several months ago, U.S. President Donald Trump delivered an ultimatum on the Iranian nuclear deal:

“Either fix the deal’s disastrous flaws, or the United States will withdraw.”

Much of my time over the past week has been devoted to assessing the fallout from this widely expected White House decision.

And now, as I expected, the White House made good on that threat. The “other shoe” has dropped.

Despite clear support from French President Emmanuel Macron, German Chancellor Angela Merkel, UK Prime Minister Theresa May, and the European Union to continue the Joint Comprehensive Plan of Action (JCPOA), popularly known as the “Iran nuclear deal,” and offset a Trump veto, the deal, as it existed on Monday, is now dead.

The stakes are high, but European positions are not enough.

So let me show you how I think this will ultimately play out – and break down exactly how to play crude oil in the wake of this thing…

Tags: Iran

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