It could take 6-10 weeks for things to return to normal after Hormuz reopens: Dan Pickering

Dan Pickering of Pickering Energy Partners said oil is unlikely to fall to $60 per barrel ahead of the signing of a U.S.-Iran deal to end the war. The commentary centers on geopolitical risk and its implications for crude prices, with a cautious outlook that suggests downside in oil may be limited. Market impact is modest because this is expert analysis rather than a policy or supply shock.

Analysis

Dan Pickering of Pickering Energy Partners said oil is unlikely to fall to $60 per barrel ahead of the signing of a U.S.-Iran deal to end the war. The commentary centers on geopolitical risk and its implications for crude prices, with a cautious outlook that suggests downside in oil may be limited. Market impact is modest because this is expert analysis rather than a policy or supply shock.