Core Viewpoint - The international oil market is experiencing downward pressure due to the easing of tensions in Iran and expectations of increased tariffs from the U.S., leading to a significant drop in oil prices, although prices are stabilizing around $60 per barrel due to supply risks faced by OPEC+ members [1] Group 1 - The easing of the situation in Iran has contributed to a decline in oil prices [1] - Anticipated additional tariffs from the U.S. are exerting pressure on the oil market [1] - Despite the recent price drop, Brent crude oil prices are expected to remain above $60 per barrel due to multiple supply risks [1]

Crystol Energy Chief Executive Officer Carole Nakhle discusses OPEC+'s decision to raise oil production by 137,000-barrel-a-day. "If I look at the demand side, I think China is the main component in terms of keeping a floor to oil prices," Nakhle tells Bloomberg Television. ...