The Iran Deal Is Dead; Here's What That Means for Crude Oil Prices

Several months ago, U.S. President Donald Trump delivered an ultimatum on the Iranian nuclear deal: "Either fix the deal's disastrous flaws, or the United States will withdraw." Much of my time over the past week has been devoted to assessing the fallout from this widely expected White House decision. And now, as I expected, the White House made good on that threat. The "other shoe" has dropped. Despite clear support from French President Emmanuel Macron, German Chancellor Angela Merkel, UK Prime Minister Theresa May, and the European Union to continue the Joint Comprehensive Plan of Action (JCPOA), popularly known as the "Iran nuclear deal," and offset a Trump veto, the deal, as it existed on Monday, is now dead. The stakes are high, but European positions are not enough. So let me show you how I think this will ultimately play out - and break down exactly how to play crude oil in the wake of this thing... Tags: Iran To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post The Iran Deal Is Dead; Here's What That Means for Crude Oil Prices appeared first on Money Morning - We Make Investing Profitable .