Citi says oil prices can skew higher as US-Iran talks falter

Newsquawk StaffPublished 4 Jun 2026, 08:09 UTCOn the live feed at 07:49 UTC — 4 more headlines followed before this page went public

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Citi says oil prices can skew higher as US-Iran talks falter

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Citi's base case is for a gradual return of Strait flows over Q3, with divergent negotiating positions on Strait control, Iran's highly enriched uranium and the inclusion of Lebanon in the ceasefire pointing to a prolonged process.
Asia ex-China crude and key product inventories are already below the five-year range at end-May 2026, with low inventories expected to support higher prices for longer even after the Strait reopens.

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