Uncuffing Iran Could Backfire on Oil Markets ...Middle East

OILPRICE - Economy
Uncuffing Iran Could Backfire on Oil Markets
source : OILPRICE ( Middle East ) () 29
The prospect of ending U.S. sanctions against Iran looked rather distant just a couple of weeks ago, but now President Trump is signaling that he wants to make a deal and is serious about it. Lifting the sanctions would have significant implications for the oil market—and some unintended consequences. The most obvious effect of sanction removal, of course, would be a further decline in oil prices. In March, for instance, a fresh round of sanctions that the Trump administration slapped on Tehran served to offset a bearish report from the International…

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