Oil Market Alert: Iran Risk Looms as US Reshapes Commodity Strategy, Says BCA Research
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CNBC TV18•08-01-2026, 10:55
Oil Market Alert: Iran Risk Looms as US Reshapes Commodity Strategy, Says BCA Research
- •BCA Research's Marko Papic believes Venezuela oil tensions will stabilize, but US's new commodity strategy is key.
- •US now treats oil access as a strategic issue, not just a market transaction, aiming to secure resources at source.
- •Papic warns that markets are underpricing risks around Iran, potentially leading to significant Middle East disruption.
- •Brent crude is expected to stay above $70/barrel due to geopolitical risks, OPEC behavior, and Saudi Arabia's fiscal needs.
- •Investors should focus on how control over natural resources is reshaping global politics and energy prices long-term.
Why It Matters: Investors must shift focus from Venezuela to underpriced Iran risks and the US's strategic control over oil.
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