President Trump is ‘eager to find a deal’ with Iran, says Rapidan Energy Group CEO
Speakers
Scott Modell
— Managing Director, Rapidan Energy Group
Summary
Rapidan Energy CEO Scott Modell discusses the Iran nuclear deal negotiations and their impact on oil markets. He sees signs of convergence but warns of a bumpy path, noting Trump's concessions and potential sanctions relief that could add Iranian oil supply. He advises against rushing to exit oil positions.
- Scott Modell discusses Iran deal prospects and oil market implications.
- He sees some convergence but cautions that the process will be volatile.
- President Trump is making concessions, indicating eagerness to reach a deal.
- Potential sanctions waivers could allow more Iranian oil exports.
- Oil prices are reacting to geopolitical headlines and supply uncertainty.
- Modell recommends not exiting oil positions prematurely.
