Oil market on alert as Iran sanctions hit
against importers of Iranian oil threaten the crude 's precarious balance and risk surging prices, all under "In the next weeks all eyes will be on Iranian exports, whether there will be some cheating around US sanctions, and on how quickly production will fall," said Riccardo Fabiani, an analyst for Energy Aspects. The US will from Monday target buyers of Iranian oil in order to deprive Tehran of its main source of income. Going after Iran's oil money will hit Tehran where it hurts, but it also means hitting a major pillar of the global ...
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