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Here’s how a Trump nuclear deal with Iran could impact global oil supplies and prices - MarketWatch

1. Prospect of U.S.-Iran nuclear deal causes significant oil price drop. 2. Iran's oil exports remain steady despite sanctions, primarily to China. 3. Trump indicates a deal is close but warns of violence if not. 4. Analysts doubt a nuclear deal's impact on Iranian oil exports. 5. Military actions could severely disrupt oil shipments through vital chokepoints.

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FAQ

Why Bearish?

Current sentiment anticipates oversupply from a potential nuclear deal; historical agreements have had mixed impacts on oil prices.

How important is it?

For CL.1, the article highlights potential short-term volatility due to geopolitical events.

Why Short Term?

Immediate oil price fluctuations likely as traders react to negotiations; long-term remains uncertain.

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