Oil Price Doesn't Reflect Full Impact of Iran Sanctions, Jefferies Says

The video discusses the current state of the oil market, focusing on the impact of Iranian sanctions, US political actions, and the influence of emerging markets. It highlights the role of spare capacity and political risks in shaping oil prices, and examines how demand is affected by currency devaluation in emerging markets. The discussion also touches on the strategic actions taken by the US and other countries to manage oil supply and prices.

Discuss the relationship between demand in emerging markets and oil prices.

What is the expected demand growth for oil and how does it compare to previous expectations?