Oil Market Underpricing Iran Supply Shock, Carlyle’s Currie Says

Oil hasn’t fully priced in the supply shock of the US-Israeli war on Iran, said Carlyle Group Inc.’s Jeff Currie, who described the global energy market’s current upheaval as the “mirror image of Covid.”

“You look at the paper markets, they’ve entirely disconnected from the physical markets,” the investment firm’s chief strategy officer told Bloomberg Television on Wednesday. “You can’t print molecules.”