Analysis finds higher oil prices would add to the headwinds facing the global economy which could tip it into recession which would itself limit any prolonged period of excessively high oil prices as demand rebalances the market. The US Administration and IEA have both raised concerns around supply security, with Secretary of State, Pompeo laying blame on Iran, which is likely to put an end to any likelihood of an agreement and return of oil from Iran in medium term.

source https://finance.yahoo.com/news/p-global-platts-factbox-finds-173700448.html?.tsrc=rss