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What the Iranian Nuke Deal Means for the Oil Markets

by Dr. Kent Moors | published November 26th, 2013

The big news over the weekend was the apparent “breakthrough” with Iran.

I say “apparent” because we don’t know much about the substance of the deal. The reason is because the substance doesn’t exist yet.

The real devil, I suspect, is coming in the details.

Nonetheless, this apparent step forward is creating its fair share of investor angst right now about oil prices – even though the initial conclusions have been largely baseless.

In fact, the news of the breakthrough has already revised my scheduled meetings in Moscow.  And even the Nigerians, with whom I met last week, are now concerned and would like another session.

Across the globe, the concern among the major crude producers I am talking to is all the same: If this really constitutes a major initiative, what will it do to the price of oil?

Meanwhile, investors have worries of their own – specifically how it will affect their investments.

Here’s the answer to both questions…