If Joe Biden wins the 2020 US presidential election, one of Wall Street's top commodities analysts says the oil market will be sharply impacted.<br />Helima Croft is the head of commodity strategy at RBC Capital Markets. She says if Biden wins, he's likely to reactivate the Iran nuclear deal.<br />The deal lifted Iranian sanctions in exchange for Iran agreeing to limit its suspected nuclear activities.<br />US President Donald Trump was a vocal critic and exited the agreement in 2018. Remaining allies remained committed to the deal.<br />Croft says if the US rejoins the multilateral agreement, Iran is likely to flood the market with millions of barrels of oil.<br />According to Business Insider, such an influx of oil into the market could cap how much its would be able to recover, after years of all-time lows.<br />...A million or even two million barrels of Iranian exports hitting the market is going to put a temporary lid on how high prices can go. Helima Croft, Head of Commodity Strategy RBC Capital Markets
