Global Analysis from the European Perspective. Preparing for the world of tomorrow

US launches plan to choke off Iran’s energy exports, casting uncertainty over oil prices

  1. The Trump administration on Thursday stopped issuing waivers that allow several countries to buy Iranian crude.
  2. Washington had issued the waivers to prevent global supplies from suddenly dropping and oil prices from spiking.
  3. It remains to be seen whether Saudi Arabia and OPEC will fill the gap and how much Iranian oil will find its way to the market.

Source: CNBC

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