博彩对冲

The UK-listed trading giant says possible supply disruptions caused by tariffs could benefit its trading operations.

The top three Russian oil companies' 2024 profits were impacted by sanctions and tax changes 鈥� now they also face Trump-led disruptions and lower oil prices.

US-Iran nuclear negotiations are the most promising opening between the two in years. While threatening military action if talks fail, Washington is showing a clear preference for diplomacy. Tehran鈥檚 weakened regional position and economy provide incentives to negotiate. A deal would likely include Iranian oil sanctions relief. Tehran can likely increase production quickly, but we see a near-term, limited agreement as more likely, limiting potential upside. Yet, production and exports could rise to 3.8 million b/d and 2 million b/d, respectively, within six months if a deal were reached. However, if talks fail and the US fully returns to maximum pressure, output and exports could fall precipitously.