Rising Geopolitics Tensions could Push Oil Prices

Published May 9, 2019 | 2 min watch

How will Iran’s latest response to U.S. sanctions impact the price of oil? Helima Croft, our Global Head of Commodity Strategy, joined CNBC to discuss what the possibility of Iran restarting its nuclear program and pressure on the Straits of Hormuz may mean.

According to Helima, geopolitical tensions involving Iran and U.S. sanctions may see the price of oil go higher. The possibility of Iran recommencing its nuclear program and tensions around key strategic waterways such as the Strait of Hormuz and the Yemeni coast could lead to Brent crude, projected to average $75 a barrel for 2019 pass $80 mark this summer.

Helima Croft

Helima Croft
Head of Global Commodity Strategy and MENA Research
RBC Capital Markets

Brent OilCommoditiesEnergyGeopoliticsIranOilSanctions