Tag Archives: Donald Trump

The moves by the two top buyers of Iranian crude indicate that Iran may not be fully cut off from global oil markets from November.

Sale of the oil from the reserve was mandated by previous laws to fund the federal government and to fund a drug program.

The Europe is reliant on oil imports for 98 percent of demand.

Iran is also awaiting European guarantees on the sale of Iranian oil and banking relations.

U.S. prices have been supported by a drop in crude inventories.

The biggest increase in supplies this month has come from Libya. whose output remains volatile due to unrest.

Tensions between the U.S. and Iran spiked earlier this year when President Trump pulled the U.S. out of the 2015 Iran nuclear pact.

The International Atomic Energy Agency said Iran has not exceeded uranium enrichment limits.

The International Atomic Energy Agency said Iran has not exceeded uranium enrichment limits.

The Trump administration recently said it would double tariffs on steel from Turkey.