Oil Prices Will Rise After US-Iran Deal, Says Former Goldman Sachs Commodities Head Jeff Currie

The Iran deal sent stocks flying and crude lower. Jeff Currie, Goldman's former global commodity chief for 27 years, says the market has it completely wrong. Maersk and Mitsui will not take ships back into the Gulf. Mine demining has not started. Israel and Gulf states were not party to the deal. Both sides are claiming contradictory victories. Six to eight weeks minimum before shipping resumes after demining. The pent up buyer strike means crude rallies on a signed deal, not drops. And inventories keep drawing in the interim. Gold hit $4,000 last week. Jeff says stay short until central banks signal rate cuts. Long term target when that moment comes: potentially double the previous high of $5,500. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:00 Iran deal dynamics: buyer strike and pent up demand 1:19 Why crude could rally when the deal is signed 1:35 60 million barrels in the Gulf: only 10 days of supply 2:08 Ships are not going back: Maersk and Mitsui 2:27 Both sides claiming victory with contradictory claims 3:14 Mines demining and the six to eight week timeline 4:05 Do markets believe this deal when corporates do not? 4:45 Inventory draw and the case for higher crude 5:13 FOMC implications: Kevin Warsh and rate hike risk 6:24 AI buildout: inflationary now deflationary later 9:41 Stock market rally on the deal: setting up for disappointment 10:19 Demand destruction: emerging markets first 11:13 End game: US oil prices spike and shut off global supply 11:40 Gold: Jeff was short. Here is why 12:36 When to go long gold again 12:53 Long term gold target: potentially double from $5,500 #JeffCurrie #CrudeOil #IranDeal #Gold #tastylive #TradingTrends #Commodities #Goldman tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.