Tag Archives: Sanctions

European leaders. who aggressively lobbied Mr. Trump not to leave the agreement. are set to visit Russia soon to discuss a way forward.

China took almost a quarter of Iran’s exports in 2017.

China took almost a quarter of Iran’s exports in 2017.

A U.S. withdrawal from the Iran nuclear accord could lead to 1 million barrels off the market.

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

US President Donald Trump earlier this week announced that the United States would withdraw from the Joint Comprehensive Plan of Action (JCPOA).

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

U.S. exit from Iran deal puts pressure on European planemakers.

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

Economists and investment bankers believe a 10% increase in oil price could raise inflation by 0.2-0.3%.