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Daniel Lacalle: Oil prices fall below $100 amid U.S.-Iran tensions

Daniel Lacalle: Oil prices fall below $100 amid U.S.-Iran tensions
Oil falls on U.S.-Iran tension

Daniel Lacalle, chief economist and investment manager at Tressis Gestion, reports that oil prices have fallen below $100 as U.S.-Iran tensions keep traders focused on risks surrounding the Strait of Hormuz.

The heightened geopolitical situation in the region is contributing to increased market attention on potential supply disruptions.

Earlier this year, Daniel Lacalle noted that global oil and refined product inventories remained at the low end of the five-year average, though not at critical levels. He has also reported that core U.S. factory orders posted their fastest annual growth since November 2022. These developments provide additional context to current market reactions to geopolitical risks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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