One side of the market is focused on geopolitical risk. The other is looking at rising non-OPEC production and forecasts for a supply surplus. Both arguments seem valid. The interesting part is figuring out which one matters more six months from now. Thoughts?
**Source:**
[https://www.reuters.com/world/oil-rises-us-iran-deal-doubts-iea-warns-supply-glut-2026-06-25/]()