
Deal activity in Q1 was the lowest since Q2 2020 and the depths of the market downturn caused by Covid. The Iran War is the latest and most impactful, factor weighing on oil market sentiment since Trump took office at start-2025.

Deal activity in Q1 was the lowest since Q2 2020 and the depths of the market downturn caused by Covid. The Iran War is the latest and most impactful, factor weighing on oil market sentiment since Trump took office at start-2025.