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Jeff Currie Says No Policy Response Can Stop Crude’s Ascent

Jeff Currie, chief strategy officer at Carlyle Energy Pathways, explains why the release of oil reserves is a “miniscule offset” to the disruption of oil flows and says the damage to supply chains from the Iran war will take months to unwind. (Source: Bloomberg)

Mar 11, 2026 &03541111202631; 11:54 UTC feeds.bloomberg.com Trending 3/5

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Positive for markets

Sentiment score: +75/100

High impact Medium-term (weeks)

WHAT THIS MEANS

Jeff Currie warns that crude oil prices will continue rising despite policy interventions like strategic reserve releases, as supply chain disruptions from Iran tensions far outweigh temporary relief measures. The damage to global oil flows and logistics networks is expected to persist for months, supporting sustained upward pressure on energy prices.

AI CONFIDENCE

85% Very high

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

↑

Oil (WTI Crude)

CL=FCommodity

Expected to rise

Structural supply disruptions from Iran tensions outweigh policy responses; multi-month supply chain recovery expected

↓

Euro Stoxx 50

^STOXX50EIndex

Expected to decline

Higher energy costs pressure European corporate margins and inflation expectations

⇅

S&P 500

^GSPCIndex

High volatility expected

Mixed impact: energy stocks benefit from higher crude, but broader market faces inflation and margin compression concerns

↓

Euro / US Dollar

EURUSDCurrency

Expected to decline

Higher oil prices increase inflation expectations, supporting USD strength relative to EUR

PRICE HISTORY

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⚡ SUGGESTED ACTION

Long crude oil (CL=F) positions remain attractive with medium-term upside; consider hedging European equity exposure and rotating into energy sector plays. Monitor geopolitical developments for acceleration/de-escalation signals that could alter the multi-month disruption timeline.

KEY SIGNALS

Strategic petroleum reserve releases ineffective against structural supply shocksIran geopolitical tensions creating persistent supply chain disruptionsMulti-month recovery timeline for oil logistics normalizationPolicy tools insufficient to counter fundamental supply-demand imbalance

SECTORS INVOLVED

EnergyTransportationUtilitiesConsumer Discretionary

Analysis generated on Mar 12, 2026 at 01:35 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Bloomberg Markets. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Jeff Currie Says No Policy Response Can Stop Crude’s Ascent

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