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FGE In the Media


Oil price puzzle as sanctions choke Iran exports

Oil
 

Which direction is the price of Brent crude heading following deployment of a US naval and B-52 bomber strike force to the Middle East? The answer is complex. Amid rising tension between Washington and Tehran, markets must also add into the mix the loss of barrels from sanctions-hobbled Iran and crisis-hit Venezuela, now also targeted by US sanctions.

 

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