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Kpler Sees Brent as High as $125 If Blockade Continues

Homayoun Falakshahi, head of crude oil analysis at Kpler, discusses energy markets as investors focus on the next step for peace talks between the US and Iran. He tells Bloomberg Television that should the US manage to sustain its blockade of the Strait of Hormuz for another two months, "Iran's oil revenues will drop to zero." Falakshahi also warns that should the waterway remain closed for another two months, prices for oil could go back to "roughly 120, 125 [dollars a barrel] for Brent."

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Bloomberg

Deutsche Bank CFO Says Trading Started 'Constructively' in April

Deutsche Bank AG Chief Financial Officer Raja Akram discusses the lender's performance in the first quarter as it posted higher-than-expected profit and revenue as income from trading held up and it earned more from asset management and retail banking. Akram says April "started constructively" after some jitters in March. He also discusses private credit and the uncertainty around the situation in the Middle East. Akram speaks to Bloomberg's Oliver Crook.

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Bloomberg

Handjani: OPEC Will Move Forward Weaker

The UAE has made a shock exit from OPEC blindsiding its partners and diluting the cartel's ability to steer oil prices via supply cuts. Amir Handjani, Non-resident fellow at the Quincy Institute for Responsible Statecraft spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the move and whether it was a political or economical decision.

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