Tag Archives: Oil Trade

U.S. President Donald Trump recognized Guaido as president of the country.

The U.S. launched new sanctions on Iran’s petroleum sector on November 4.

India is one of the largest consumers of crude oil and Iran has been one of the key suppliers.

U.S. President Donald Trump pulled out of the accord in May.

If New Delhi drops its oil imports from Tehran to zero. it will need to import more from other partners.

Emerging-market crises and trade disputes could dent global demand.

Some traders are forecasting that the sanctions could remove up to 1.5 million barrels per day of crude from the market.

Final oil trade data for July will be released later this month by state-run Korea National Oil Corp.

The dollar. which is considered to be the international currency. becomes a risky tool for payments.

Iran has started providing ships as well as insurance cover to continue exporting crude oil to India.