MNI Commodity Weekly - Markets Size Up Potential Iran Impact

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Executive Summary:

• Markets Size up Potential Iran Impact: Trumps “maximum pressure” campaign is yet to fully develop for Iran but markets are caught between its potential impact and signs that workarounds are swiftly developing in China.
• Oil Markets: Bearish pressure has returned to crude markets this week driven by global demand concerns while uncertainty surrounds future global supplies from Russia, Iran, Iraq and the wider OPEC+ group. Demand uncertainty also weighs on diesel and gasoline cracks with added focus on the seasonal refinery maintenance season.
• Analyst Views: See oil market views by biggest names in the industry.