Citi predicts wild oil price swings amid Iran-Trump deal uncertainty

9 articles · Updated · Bloomberg · May 7

Max Layton, Citi's global head of commodities research, said on Thursday the market could keep lurching on headlines as investors await clarity on whether Tehran and Donald Trump can reach an agreement.
He said the outcome is hard to predict, citing uncertainty over Iran's new leadership and whether a deal to end the war will emerge.
The forecast points to a hope-and-fear trading pattern in oil, with prices likely to remain highly sensitive to diplomatic signals until the conflict's direction becomes clearer.

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