Tag Archives: Iran

US President Donald Trump has mounted pressure on Iran.

Iran. Azerbaijan and Turkmenistan have for more than two decades contested the ownership of several oil and gas fields in the Caspian Sea.

The market seems to be inadequately prepared for a rapid loss of exports.

Iraq is the second-largest importer of Iranian non-hydrocarbon products.

In the latest round of levies. China said it would impose additional tariffs of 25 percent on $16 billion worth of U.S. imports.

Total signed a contract in 2017 to develop Phase II of South Pars field with an initial investment of $1 billion.

In the short term. supply is not seriously impacted. given that Saudi Arabia. Russia ramped up their oil production.

The United States hasn'.t been able to persuade China—Iran’s biggest oil customer—to reduce Iranian oil purchases.

In May. Trump announced that his country would unilaterally withdraw from the JCPOA deal.

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