Oil

As the row deepens. oil was bound to become the center of attention. albeit briefly.

U.S. sanctions on Iran could push oil prices up to $90 per barrel later this year.

Iraq has no option to export Kirkuk crude from the north of the country due to a political dispute with KRG.

Russia exports up to 500.000 b d of oil. products to the U.S.

Many countries. including US allies in Europe as well as China and India oppose the introduction of new sanctions.

In 2017. Japan met 5.3 percent of its oil demand with imports from Middle Eastern nations.

Eastern Canadian refineries import about 75.000 to 80.000 barrels per day of Saudi Arabian crude.

Russia produced 11.22 million b d in July. basically erasing its 300.000 b d pledged cut.

Iraq'.s refining capacity now stood at around 670.000 barrels per day.

Iran could restart its nuclear program as it attempts to agitate the U.S.