CSIS Expert Warns of Continued Energy Market Volatility Despite US-Iran Deal
Ben Cahill, a non-resident senior associate for the Energy Security and Climate Change Program at CSIS, indicated that energy markets are not yet stable, despite an agreement between the U.S. and Iran. The deal aims to halt an ongoing war and reopen the Strait of Hormuz. Cahill cautioned that energy prices could still increase, even after the memorandum of understanding (MOU) is formally signed.
An agreement has been reached between the United States and Iran, intended to halt an ongoing conflict and facilitate the reopening of the Strait of Hormuz.
However, Ben Cahill, a non-resident senior associate for the Energy Security and Climate Change Program at the Center for Strategic and International Studies (CSIS), has expressed a cautious outlook on global energy markets. Cahill stated that these markets "are not quite out of the woods yet," suggesting persistent instability.
He further warned that there remains potential for energy prices to rise, even following the signing of the memorandum of understanding (MOU) that formalizes the agreement between the two nations.
Cahill shared these insights during an appearance on "Bloomberg: The Asia Trade," where he spoke with Shery Ahn and Haidi Stroud Watts.
According to Bloomberg Markets, ...
