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Official cars are seen outside Grand Hotel Wien after a session of meeting of the Joint Comprehensive Plan of Action (JCPOA) on “Iran nuclear deal talks” in Vienna, Austria on May 01, 2021.
Askin Kiyagan | Anadolu Agency | Getty Images

A nuclear deal between the U.S. and Iran could send energy prices higher — even if it means more supply in the oil markets, according to Goldman Sachs’ head of energy research.

While it appears to be contradictory, a deal that brings Iranian barrels back to the market could actually see oil prices rise, said Damien Courvalin, who is also a senior commodity strategist at the bank.

Talks in Vienna are ongoing as Iran and six world powers — the U.S., China, Russia, France, U.K. and Germany — try to salvage the 2015 landmark deal. Officials say there’s been progress, but it remains unclear when negotiations could conclude and oil prices have been seesawing as a result.

A deal would lift sanctions on Iran and bring Tehran and Washington back to complying with the Joint Comprehensive Plan of Action (JCPOA). The U.S. unilaterally withdrew from the nuclear deal in 2018 and reimposed crippling sanctions on Iran which dealt a blow to the Islamic Republic’s oil exports.

If that announcement comes in the next few weeks, in our view, it actually starts that bullish repricing.
Damien Courvalin
head of energy research, Goldman Sachs

Courvalin explained his rationale. He pointed to how oil prices rose in April after OPEC+ said they would gradually raise output from May by adding back 350,000 barrels a day.

“An increase in production … is announced that is above anyone’s expectations — ours included. And yet prices rally, volatility comes down,” he said.

“Why? Because we lifted an uncertainty that was weighing on the market since last year,” he told CNBC’s “Squawk Box Asia” last week.

Investors wondered if OPEC would end up in a price war when it tried to increase production, but the oil cartel presented a “convincing path going forward,” Courvalin said.

“You could argue the same for Iran,” he added. Simply knowing will likely “lift some of that uncertainty.”

“If that announcement comes in the next few weeks, in our view, it actually starts that bullish repricing,” he said at that time.

Opposing views

Other analysts say an agreement could mean lower prices for oil, at least in the short term.

Morgan Stanley said in a research note that an increase in Iranian exports will probably cap Brent crude at $70 per barrel, and expects the international benchmark to trade between $65 and $70 per barrel for the second half of 2021.

Brent crude was lower by 0.13% at $71.22 on Friday in Asia, while U.S. crude futures were down 0.1% at $68.75.

“Our view is that the initial reaction to a potential deal will be a brief sell-off,” Tamas Varga, an analyst at PVM Oil Associates, told CNBC in an email.

Extra Iranian barrels would be a headwind if a deal materializes, according to Austin Pickle, investment strategy analyst at Wells Fargo Investment Institute.

But softer crude prices may only be temporary.

“We suspect accelerating demand and OPEC+’s disciplined supply response will support oil prices,” Pickle wrote in a note, referring to OPEC and its allies.

PVM Oil Associates expects Brent prices to reach $80 per barrel by the fourth quarter of 2021, Varga said.

He also said it will take time before Iran starts to export oil again, and global demand could have improved significantly by the time additional barrels reach the market.

Extra Iranian barrels should only delay price recovery but not throw it off course.
Tamas Varga
analyst, PVM Oil Associates

While the global economic recovery has been uneven — faster in the developed world, compared to the developing world — oil prices will rise more quickly when vaccine rollouts accelerate in Asia, he added.

“Extra Iranian barrels should only delay price recovery but not throw it off course,” Varga said.

S&P Global Platts Analytics has the view that there is room to accommodate Iranian and OPEC+ oil supply growth in the third quarter.

Toward year-end, however, energy prices could come under pressure as Iran exports and U.S. oil production increase, said Nareeka Ahir, a geopolitical analyst at S&P. She said Brent could fall to the mid or low $60s in late 2021 into 2022.

Supply may lag demand

Goldman Sachs sees Brent crude prices rising at a faster pace, and predicts the international benchmark could hit $80 by the third quarter of this year.

Courvalin noted that Asia’s oil demand has been revised lower due to new waves of the virus, and that has been been offset by upside surprises in the U.S. and Europe.

“It really paints a picture where, once vaccination rates progress sufficiently, you really see pent-up mobility get unleashed, and a significant increase in oil demand,” he said. “That’s … the root of the bullish view.”

He said supply will likely lag the pop in demand, and there will be “plenty of room” to absorb oil from Iran.

“In fact, if you told me Iran’s not coming back, our $80 dollar forecast is way too low relative to where the oil market is heading by 2022,” he added.

Concerns over an Iran deal and the pandemic may have “masked a fast-tightening oil market,” Courvalin said.

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The Polestar 3 just shattered range estimates with a record-breaking 580+ mile drive

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The Polestar 3 just shattered range estimates with a record-breaking 580+ mile drive

Polestar’s electric SUV set a new Guinness World Record after travelling over 580 miles (935 km) on a single charge. The trip took nearly 23 hours, but the Polestar 3 now claims the world record for the longest journey travelled by an electric SUV.

The Polestar 3 sets a new Guinness World Record

The record was set by an unmodified Polestar 3 Long Range Single motor model. Polestar launched the new variant in Europe last summer, followed by the US and other global markets in late 2024.

Powered by the same 111 kWh battery as the Dual Motor Polestar 3, the entry-level version features a single 295 hp (220 kW) rear-mounted motor. It’s also the most efficient model, rated with a WLTP range of 706 km (435 miles).

However, after a record-breaking trip this week, the Polestar 3 proved it’s much more efficient than the numbers show.

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The Polestar 3 drove 935.44 km (581.3 miles) on public roads in the UK, setting a new Guinness World Record for the longest journey traveled by an electric SUV and smashing its range estimates by almost 230 km (143 miles).

Polestar-3-World-Record
The Polestar 3 sets a new Guinness World Record (Source: Polestar)

According to Polestar, the electric SUV reached its WLTP range figure and still had 20% battery capacity, which allowed it to travel an additional 12.8 km (8 miles) before reaching 0%. And it did make it to a charger, in case you were wondering.

“While the drivers pushed the Polestar 3 to the boundaries of its range capability, it goes to show how battery range has improved exponentially over the past few years,” Polestar’s UK Managing Director, Matt Galvin, said.

Galvin added that “For a large premium SUV to go way beyond a London to Edinburgh distance is truly impressive and with this the adage that ‘EVs can’t go far’ has been very much consigned to the history books.”

The trip took 22 hours and 57 minutes, but the electric SUV delivered an impressive performance. Professional efficiency drivers, Sam Clarke, Kevin Booker, and Richard Parker, took turns driving every three hours.

The unmodified Polestar 3 was fitted with standard 20″ wheels and Michelin Sport 4 EV tires. Guinness World Record judge, Paulina Sapinska, verified the attempt. You can watch it in the video above.

Electrek’s Take

With an efficiency of 12.1 kWh/100 km (19.5 kWh/100 miles), or 5.13 miles/kWh, the Polestar 3 proved to be even more efficient than the Lucid Air Pure.

Lucid introduced the 2025 Air Pure last summer as the “World’s most efficient car” with an EPA estimated 5.0 miles/ kWh.

Last month, the Lucid Air Grand Touring model set a new Guinness World Record for the longest journey by any electric car on a single charge after driving 1,205 km (749 miles) through the Alps and into Germany.

And last week, GM announced the 2025 Chevy Silverado EV Work Truck set a world record after it drove 1059.2 miles on a single charge.

With most automakers and many other companies chasing more efficient batteries with new chemistries, this could be just the start.

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Bafang’s new automatic shifting hub motor could change urban e-biking

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Bafang’s new automatic shifting hub motor could change urban e-biking

Forget fiddling with derailleurs and gear levers mid-commute. Instead, Bafang wants to make urban e‑biking smoother than ever with its all-new H730 hub motor, featuring its patented GVT (Gear Variable Transmission) technology. The idea is to combine the advantages of internally geared hubs with Bafang’s own hub motors to create an internally geared hub motor.

We covered Bafang’s GVT technology after seeing it first-hand on a tour of the company’s headquarters in China. Now we’re getting a look at a new 3-speed version, which takes the original 2-speed concept even further.

Launched this summer, this new hub motor packs a 3‑speed automatic gearbox that shifts gears seamlessly based solely on riding speed – no rider input needed.

The benefits are immediate: durability, simplicity, and less maintenance. Without derailleurs, cables, or external shifters cluttering the setup, the H730 boasts a clean, minimalist rear-end design, not to mention the benefits of weatherproofing the transmission to handle rain, mud, and debris.

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The 250W motor includes a torque sensor and smart controller to analyze riders’ pedal input in real time, suppressing pedal lag while delivering smooth acceleration up to 25 km/h (15.5 mph). It’s an ideal match for daily commuting, where energy efficiency and responsiveness matter. The speed limit fits European-regulation bikes, but it would make sense to see Bafang introduce a slightly faster 20 mph (32 km/h) version for the North American market.

That’s even more likely considering Bafang seems to be targeting broad compatibility, with the company highlighting how the H730 plays well with belt-drive systems and minimalist e‑bike frames.

The GVT system itself is the culmination of nearly two decades of innovation, Bafang explained. Since its introduction with the H700 motor in 2022, over 40 global e‑bike brands, covering everything from urban commuters to fat‑tire and cargo e-bikes, have adopted GVT-powered solutions.

Bafang seems to be positioning the GVT as the foundation of a platform, with the company seeing the H730 as a springboard for integration into shared‑bike fleets, folding bicycles, and e‑bike systems built to last. That’s a compelling narrative for urban mobility: fewer moving parts, smarter automation, and a ride experience tuned for simplicity and longevity.

Electrek’s Take

I love this solution because we’ve normally had to choose between an internally geared hub OR a hub motor, but not both. Getting an IGH normally meant shelling out for a more expensive mid-drive motor, but now it’s possible to get the benefits of both. An economical hub motor can keep prices more affordable, while the IGH means you don’t have the muss and fuss of a derailleur.

I wish the system also worked through the motor itself (i.e. could downshift the motor for more torque on hill climbs), but this is still great progress for the industry. And who knows, maybe Bafang has gear-shifting hub motors in development somewhere to give us the multi-ratio motors we want. Until then, this looks pretty cool.

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New EV Totem from Blink could solve electric fuel’s biggest problem

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New EV Totem from Blink could solve electric fuel's biggest problem

EV charging is everywhere now, and it’s reliable, accessible, and affordable. There thousands of public chargers are already out there – and, in some places, you’ll find more plugs than pumps. But if you don’t drive electric, you’d never know it. That’s because gas stations don’t just exist, they announce themselves with giant, illuminated signs that can be seen for miles, while EV chargers tend to just sort of sit, nestled away in the back of the parking lot.

That’s why the new EV Totem from Blink Charging is such a big deal. It doesn’t just charge your car, it stands tall, lights up, and tells the world: electric fuel is here, now.

If you were on a road trip, and your tank was low, how confident would you be in your ability to find gas if you were greeted by the sight of Breezewood, PA, above? We might shake our heads at late adopters of EVs, we might dismiss the things we don’t notice ourselves, but the fact remains that my father-in-law can drive some sea-to-shining-sea of this still (relatively) great country with no plan, no map, and no app, and feel pretty secure in his ability to find gas.

Can you honestly, before spirits of Henry, Lee, God, and the DSM-V, look at that picture and believe that your parents would have similar confidence in their ability to find charging?

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Now, imagine that all those thousands of EV chargers that you and I both know are out there. Imagine they were Blink EV Totems. Twenty feet tall, fully illuminated, and proudly proclaimed that here, weary traveler, was a place that you could – if you had an EV – simply pull up and plug in. Just like the gas stations out there have been proclaiming for nearly a hundred years.

Do you think they’d feel better slipping behind the wheel of an EV then?

No need to imagine


Co-developed by Blink Charging and Universal Media, the EV Totem concept combines Blink car chargers with elevated, 55″ screens to help maximize their eye-catching visibility. It’s a clever solution, and, while we’ve seen chargers with screens before, lifting the screens up above the cars in a parking lot makes them significantly more visible.

But because it’s 2025 and everything is terrible, instead of the EV Totem’s screens simply announcing the availability of reliable EV charging nearby or educating consumers about off-peak savings and duck curves, they’re designed to serve non-stop ads while collecting data that, “provides real-time insights for brands and property partners.”

“The EV Totem is designed to transform EV charging into a smarter, connected platform — one that delivers value for drivers while unlocking new opportunities for brands, property partners, and communities,” said Todd Cohen, Co-founder and CEO of Universal Media LLC, without even the slightest hint of remorse.

Blink’s EV Totem units are available now, with the first units already in service at Mountain View Village, a retail and lifestyle destination (read: strip mall) in SLC.

Electrek’s Jo’s Take


Electrify America gets it, via Electrify America.

Visibility matters, and electric charging stations are almost totally invisible in real life. What that means for most drivers is that, unless they’re in a Tesla or using a third-party app, they might have a tough time seeing public charging stations, even if they’re relatively close as the crow flies. Even if they’re plentiful.

The reality is that all those signs advertising gasoline create confidence on a subliminal level that gas, snacks, and restrooms are everywhere. Meanwhile, the EV charging signs (where they exist at all) are just too small, too bashful to be effective. EV charging is invisible to generations of ICE drivers, and we – as EV ambassadors – need to put ourselves in those drivers’ shoes, meet them where they are, and demand that the electric fuel industry do a better job of selling that same institutional kind of confidence.

SOURCES: Blink, Universal EVX; featured image by Ben Schumin, under Creative Commons Attribution Share Alike 2.5 Generic license.


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