MKM Economist Darda Sees Supply Side Issue in Oil

The video discusses the diplomatic studies of Robert Hormats and Michael Darda, focusing on the analysis of Brent crude oil prices in relation to industrial metals. It highlights the supply-side issues affecting crude oil and its lag in comparison to industrial metals. The discussion then shifts to the diplomatic relations with Iran, emphasizing the importance of retaining the JCPOA nuclear agreement to maintain alliances and avoid military conflicts. The potential consequences of dismissing the agreement, such as reimposing sanctions and disrupting regional stability, are also explored.

What is the main issue identified with crude oil in comparison to industrial metals?

• Crude oil prices are stable.

• Crude oil is severely lagging behind.

• Crude oil is leading the market.

• Crude oil is unaffected by global demand.

What is the best outcome for current politics with Iran according to the discussion?

• To retain the JCPOA nuclear agreement.

• To ignore the agreement.

• To impose new sanctions.

• To destroy the nuclear agreement.

Why is it important to maintain the JCPOA agreement?

• It has no impact on global politics.

• It prevents Iran from resuming a nuclear program.

• It strengthens military positions.

• It separates us from our allies.

What could be a consequence of reimposing sanctions on Iran?

• Strengthened global alliances.

• Increased global trade.

• Improved relations with Iran.

• Disruption to regional relations.

What is the risk if the President throws the JCPOA decision to Congress?

• Congress might reimpose sanctions.

• Congress will ignore the issue.

• Congress will strengthen the agreement.

• Congress will support the agreement.