How Geopolitics Impact Oil Prices

The transcript discusses the strategic moves by Gulf States, particularly Saudi Arabia, to lower oil prices, impacting US shale production and Iran's economy. It explores Iran's motivations for a nuclear deal and OPEC's relevance in the oil market. The geopolitical dynamics involving Russia and Iran are also examined, highlighting their strategies in response to Western pressures.

In what ways could OPEC's actions impact the future of oil prices?

What factors could influence Iran's decision to sign a deal with the West?

How does the Ukraine crisis affect Russia's position in the current geopolitical landscape?