Tag Archives: Sanctions

The oil market ran higher in anticipation of this week’s formal re-imposition of sanctions against Iran by the United States.

Iran exported the equivalent of 2.5 million barrels a day in April.

Unlike traditional oil. shale oil is more capital-intensive.

America will not be able to carry out any measure against Iran'.s great and brave nation.

Saudi Arabia had been ``very helpful`` in bolstering oil supplies while the U.S. moved to reimpose sanctions against Tehran.

The US sanctions were re-imposed on Tehran following the withdrawal of the United States from the Iran nuclear deal in May.

Fuel prices jumped 7% in the first half alone. more than double the overall rate of price increases.

Washington will reapply far-reaching sanctions on Iran’s petroleum and banking sectors starting on Monday.

The Russian energy ministry told the FT that the trade would continue next week.

In Asia. America’s closest allies Japan and South Korea have followed suit for now.