President Donald Trump has long wanted the 2015 nuclear deal with Iran to fall apart. He got one step closer to that on Wednesday, when Iran warned European nations it’s ready to quit the accord in 60 days if it doesn’t start seeing greater economic benefits from the agreement. Kevin O’Brien, chief business officer at Orbital Insight, talks with Bloomberg's Alix Steel about Iran, global oil inventories and the tight oil market.
Brent crude breached $75 a barrel for the first time since October, and U.S. benchmark West Texas Intermediate rose above $66 a barrel. Prices have surged as the U.S. decision to tighten Iran sanctions and contamination in Russian shipments fueled supply fears.