Thursday, November 1, 2018
Why oil prices are plunging despite U.S. sanctions on Iran’s energy sector
The oil market has had nearly six months to assess the possible effect of U.S. sanctions on Iranian oil exports. Surprisingly, the prospect of significantly tighter global supplies has resulted in lower prices.
President Donald Trump announced on May 8 that he would end the participation of the United States in the Joint Comprehensive Plan of Action, a 2015 pact aimed at curbing Iran’s nuclear activities, signed by Iran, the five permanent members of the United Nations Security Council, and the European Union.
Read more...https://www.marketwatch.com/story/why-oil-prices-are-plunging-despite-us...\