Analyst says a US-Iran ceasefire could push crude toward US$70 a barrel
An analyst expects the odds of successful US-Iran ceasefire talks to rise, with global crude prices potentially easing toward US$70 per barrel. He argues the Trump administration could loosen oil sanctions on Iran, Russia and Venezuela to expand supply and bring prices down. Elevated oil prices are keeping US CPI and PPI under pressure, adding political incentives for a policy shift. The assessment does not cite any confirmed agreement or action and is presented as a policy pathway rather than an announced deal.
