This BBC podcast is supported by ads outside the UK.
Our focus on detail helps us deliver reliable energy to millions across the world because margins aren't marginal.
They're where we can truly push the limits of what's possible.
Aramco, an integrated energy and chemicals company.
Learn more at aramco.com.
Today's episode is sponsored by Smart Travel, a podcast from NerdWallet.
Do you have a friend who treats airfare like a puzzle and somehow always ends up with a first class upgrade?
Smart Travel is like that friend, minus the group texts.
Where is the oil price heading right now?
There is a very real risk that we essentially go back to $150 per barrel.
Nothing is really off the table right now.
Should we be scared or are the doom mongers overselling it?
The oil price is nothing like the disaster that the IEA projected.
It's perfectly possible to get a spike of $150, but I really doubt it.
This is World Business Report from the BBC World Service.
I'm Ed Butler and today we are examining the future direction
of oil prices with or without a deal between the US and Iran.
Also in the show, why American prosecutors are turning their sights on FIFA ahead of the World Cup.
And we're speaking to the developer of a NASA Moon rover.
But before that, let's start with the story that we do seem to start with quite a lot these days, don't we?