As sanctions start to bite, Iran crude exports set to wilt
Iran’s oil exports could fall by as much as two-thirds by the end of the year because of new U.S. sanctions, putting oil markets under huge strain amid supply outages elsewhere in the world./ FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005. REUTERS/Raheb Homavandi/File Photo/ Washington initially planned to totally shut Iran out of global oil markets after President Donald Trump abandoned a deal that limited Iran’s nuclear ambitions, ...
Click
To Read Full Article