Iran Won’t Target Oil Assets, Says SVB Energy’s Vakhshouri

The transcript discusses the unpredictability of the oil market, referencing past events like the Saudi Aramco attack and current tensions involving Iran. It explores the potential for increased risk premiums on oil prices due to geopolitical tensions, particularly focusing on Iran's possible retaliation strategies. The discussion also highlights the role of militia groups and the impact on oil facilities, with companies like Exxon evacuating staff from Iraq, potentially affecting production.

What was the main reason experts believed the Saudi Aramco attack would not have a long-term impact on oil prices?

• The attack was not severe.

• There was no retaliation expected.

• The market had a clear understanding of the disruption's magnitude.

• Oil prices were already low.

Why is it unlikely that Iran will target oil assets as a form of retaliation?

• Iran has no interest in oil markets.

• Iran wants to focus on US military targets.

• Iran lacks the capability to target oil assets.

• Iran has strong relations with oil companies.

What is a potential consequence of increased tensions between the US and Iran?

• A decrease in global oil prices.

• An increase in US oil production.

• A peace treaty between the US and Iran.

• Militia groups acting independently against US interests.

What action have some oil companies taken in response to the tensions in Iraq?

• Increased oil production.

• Evacuated non-local staff.

• Invested in new oil fields.

• Signed new contracts with Iraq.

Which country is the second-largest producer in OPEC, potentially affected by the tensions?

• Iraq

• Iran

• Kuwait

• Saudi Arabia