GEOPOLITICS | Macquarie Sees Oil Surplus Risk on US-Iran Deal Before Midterms
2026-07-27 18:40:23
Oil markets could move back into oversupply before year-end as Washington faces growing pressure to end the Iran conflict with fewer than 100 days until the midterm elections, according to Bloomberg. Macquarie Ltd. analysts said the prospect of a US-Iran deal could weigh on the market before the vote.
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