Energy Prospectus

1. Predicted impact on WTI and Brent with Iran sanctions on oil?

2. Any news on the Trump administration refilling the Strategic Petroleum Reserve?

Thanks

Cliff
PS: Reduced my investments in Oil and Gas on April 4th after the Saudis agreed to turn on the spigots. I believe Trump cut a deal to take out the Houthis in exchange for lower oil prices to lower the price at the pump. Typical Trump, he has to take out the Houthis anyway, but then gets a bonus. Regardless I moved to CLS, it has been a nice ride since April 4th!

1. $75/bbl if the sanctions impact Iran's oil exports. If the sanctions are just financial they won't have much impact.

2. SPR is being slowly refilled. Just Google Strategic Petroleum Reserve to see this: "Crude oil in the SPR stood at 398.5 million barrels on April 25, 397.5 million barrels on April 18, and 366.3 million barrels on April 26, 2024, the report outlined."