Commodity Strategist: Oil Would Be in the $40s Without Iran War

Core Viewpoint - The current price of crude oil is significantly influenced by the ongoing conflict in Iran, and without this geopolitical factor, prices would be much lower according to Carley Garner, a senior commodity market strategist at Carley Trading [1] Industry Analysis - The energy sector may face increased volatility as the geopolitical situation in Iran continues to impact oil prices, potentially leading to a divergence between market fundamentals and actual trading levels [1]