Oil

Currently. analysts believe the sanctions could take between 200.000 and up to a million bpd of Iranian crude off global markets.

Trump announced a U.S. withdrawal from the 2015 nuclear deal on Tuesday and said he was preparing new sanctions against Iran.

Oil ministers from OPEC and its partners meet on June 22-23 in Vienna to review the existing agreement.

China remained the largest export destination for Iranian oil. with flows rising to 714.467 b d in April. up just over 20.000 b d from March.

Saudi Arabia is ready to offset any supply shortage but it will not act alone to fill the gap.

Experts believe that the US move would bring uncertainty to prices.

Iran will reach self-sufficiency in production of all catalysts and the deals are symbols of support for domestic production.

Iran will reach self-sufficiency in production of all catalysts and the deals are symbols of support for domestic production.

Iran is one of the world’s largest oil producing countries.

During the last round of sanctions. Iran'.s oil supplies fell by around 1 million barrels per day (bpd).