The tense situation surrounding the Iranian nuclear program and the Strait of Hormuz could make the price of oil fluctuate significantly, estimates Michael Poulsen, Oil Risk Manager, in an analysis on Tuesday.
“We advise clients to pay special attention to the nuclear negotiations with Iran later this week. The U.S. has warned that these negotiations are the “last chance.” Any news from the negotiations could therefore influence oil prices significantly,” writes Michael Poulsen.
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Logistics coordinator with responsibility for our shipping activities