Oil price puzzle as sanctions choke Iran exports
Richard Wachman - Petroleum Economist
June 04, 2019
Who was cited:
Iman Nasseri, Managing Director - Middle East FGE
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.