How Close Are Iran and Saudi Arabia to an Oil Deal?

The video discusses the impact of Saudi Arabia's decision to cut oil production and its implications for the global oil market. It highlights Iran's market share in Asia and Europe, noting that Iran's production levels have remained stable since 2010. The analysis suggests that Iran is unlikely to agree to a production freeze due to its potential to increase exports. The video also explores potential oil price movements, predicting a possible drop if no agreement is reached between Saudi Arabia and Iran. The market's reaction to previous events is considered, with limited upside potential expected.

What is the expected impact on oil prices if Iran does not agree to a production freeze?

What is the maximum upside potential for oil prices mentioned in the text?