Oil Market Faces Tense Wait as Iran Sanctions Too Close to Call - Bloomberg

Oil Market Faces Tense Wait as Iran Sanctions Too Close to Call - Bloomberg:

"Global markets for equities, currencies and metals have all been whipsawed by the uncertainty over what President Donald Trump’s next geopolitical move would be. Oil’s about to have a turn.

It’s too close to call whether Trump will reinstate sanctions on Iran next month and the impact is highly uncertain, according to a Bloomberg survey of oil-market analysts. The 17 respondents saw on average a 50-50 chance of sanctions “snap-back,” which could halt anywhere between zero and 800 thousand barrels a day of exports from OPEC’s third-largest producer within the next six months.

 That risk looms over Friday’s meeting of some OPEC nations and their allies as they gather to monitor supply cuts in Jeddah, Saudi Arabia."



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