We’re nearing the July 1 European ban on Iranian oil, and nothing has changed. Talks in Iran regarding oil imports and exports have failed to deliver progress – which means a looming crisis in the oil markets. Iran is OPEC’s second-largest oil producer, and no sides are budging on what they want out of the deal.
Dr. Kent Moors, Money Morning’s Global Energy Strategist, joined Fox Business to discuss what this means for the oil markets. What happens in the Iran talks will affect investors, consumers, and many economies.
Watch this clip to see just how the looming oil market crisis will affect you.