Iran flooding !

To make matters worse for the oil market, Iran is unleashing its massive crude oil inventories (in storage). It will take it some time to return to production levels that existed prior to the sanctions, but when it does, the markets are going to be even more oversupplied.

pétrole Iran

Grexit

More evidence is emerging that Greece stands on its own when it comes to euro area exit risks. Unlike in the 2011/12 period, capital outflows are not an issue elsewhere in the Eurozone periphery. Whether now or in six months, the troika leadership is increasingly more comfortable to let Greece go should other options are exhausted.

capital exodus