Oil Market Underpricing Iran Supply Shock, Carlyle’s Currie Says
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Carlyle Group Inc.'s Jeff Currie has stated that the oil market has not adequately accounted for the supply shock resulting from the ongoing US-Israeli conflict involving Iran. He likened the current disruptions in the global energy market to the upheaval experienced during the Covid pandemic. This suggests that significant volatility may still be on the horizon as geopolitical tensions continue to evolve.
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The ongoing conflict between the US and Israel against Iran has raised concerns about potential disruptions in oil supply, which could have far-reaching effects on global energy prices. The comparison to the Covid pandemic suggests that the market may be in for a prolonged period of instability, reminiscent of the initial shockwaves felt during early 2020.
This article reflects the opinions of Jeff Currie and does not necessarily represent the views of Bloomberg or its affiliates.
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