How Oil Prices Can Tell You If The Iran Deal Is Actually Happening

The crew notes that oil has already plunged sharply on past ceasefire headlines and deal rumors, briefly dipping into the high 80s before snapping back above $90 as talks wobbled. Their rule of thumb: only when crude settles into the low 80s or 70s for a sustained stretch will the market be saying, “we actually believe this Iran agreement is real.”

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