Phil Flynn of Price Futures Group said conflicting signals from Iran suggest internal divisions, adding uncertainty to U.S.-Iran diplomacy and increasing the likelihood of further volatility in oil prices.
Oil futures rose on April 21 as markets reacted to uncertainty over whether Iran would send a delegation to Pakistan for talks with the U.S. Phil Flynn of Price Futures Group said Iran’s mixed messaging points to internal divisions, a factor that could make oil prices more volatile. The update adds to earlier market sensitivity around diplomatic developments involving Iran and their effect on energy-related assets.