Iran conflict reshapes the crude oil outlook

CNBC+2 · 15 days ago
Iran conflict reshapes the crude oil outlook
  • U.S. Central Command said U.S. forces permanently disabled three Iranian crude oil carriers after the Islamic Revolutionary Guard Corps launched ballistic missiles toward two U.S. Navy warships; no American personnel were harmed.
  • Treasury Secretary Scott Bessent forecast crude oil falling to $40-$50 after the U.S.-Iran conflict ends, with Treasury yields declining as interest rates and inflation pressures subside.
  • Barclays strategists said equity markets have become more sensitive to interest rates and energy prices, keeping central-bank decisions and oil-market developments in focus during September.

Quotes

Let the message to the IRGC be clear: If you shoot at two of our ships, we will impose an even higher economic cost —taking out three of yoursBrad Cooper
It's simple: if Iran shoots at U.S. ships, we will destroy (and sink) their oil tankers, All they have to do is stop shooting at @USNavy.Pete Hegseth

Sources