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Are you ready for a 10% drop in crude?

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June 29, 2015 america, biz, brent, business, commodities, commodity, commodity trading, content, crude, crude prices, deadline, finance, glut, inventories, iran, iran nuclear, iran talks, iran us, iranian, news, nucelar, oil, oil price, oil price drop, oil prices, ole hansen, owen thomas, sanctions, sanctions iran, saxo, saxo bank, saxo tv, spread, suppy, talks, television, traders, trades, trading, tradingfloor.com, tv, tv news, united states, us, us iran, us oil, video, wti, wti crude
If sanctions on Iran are lifted, crude oil could drop by up to ten percent. So says Saxo Bank's Ole Hansen as he eyes a deadline on talks about Iran's nuclear programme this Tuesday. If an agreement with the US is reached, Iranian oil could soon start flowing back into international markets.

However, a deal is by no means certain and sanctions might not necessarily be lifted immediately. Traders though need to be aware of the risks and the opportunities.