Tag Archives: United States of America

Tokyo has asked Washington to exempt Japan from the embargo.

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.

U.S. crude oil production in 2018 is expected to rise 1.31 million barrels per day.

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

Both the Mexicans and the Americans have been eager to reach a fully revised deal by the end of August.

Trump has threatened that anyone trading with Iran will not do business with America.

The U.S. Energy Information Administration estimates that domestic crude oil production will reach record levels in 2018 and 2019.