Oil market participants and analysts will be intently watching the Trump Administration over the next month. May 12 is the deadline for the U.S. President to decide to waive sanctions on Iran as part of the nuclear deal that global powers reached with Iran in 2015, allowing Tehran to resume oil exports and regain part of its market share.
The re-imposition of sanctions on Iran’s oil is not 100-percent certain, although the probability is high, various analysts say. The potential loss of Iran’s oil exports varies from zero to 1 million bpd, according to investment banks and analysts.
Iranian sanctions could add between $2 and $10 to oil prices this year, analysts polled by Bloomberg say.
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WNU Editor: European attempts to find a compromise that would satisfy both Iran and the U.S. have failed .... though there is a lot of pressure on President Trump to bend .... French, German leaders will bring Trump the same message: Save the Iran nuclear deal (LA Times). But I am with the consensus opinon on this one .... President Trump is going to impose some form of sanctions on Iran by May 12.
2 comments:
US Domestic Oil production won't mind...
Please put sanctions on them, i want a pay rise
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