CSIS' Cahill on US-Iran Deal Impact on Energy

AI Summary

Ben Cahill from CSIS comments that despite the US-Iran muscle peace deal and reopening of the Strait of Hormuz, energy markets remain volatile with potential for price increases. The agreement has not fully stabilized energy security as risks persist.

Ben Cahill, non-resident senior associate for the Energy Security and Climate Change Program at CSIS, says even though the US and Iran were able to come to an agreement to halt the ongoing war and reopen the strait of Hormuz, energy markets "are not quite out of the woods yet", and there is still room for prices to run up even after the MOU is signed. He speaks with Shery Ahn and Haidi Stroud Watts on "Bloomberg: The Asia Trade". (Source: Bloomberg)