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Trump Cracks Down on Iran Oil but Sanctions May Not Stick
The Trump administration is back on the “maximum pressure” train, and this time, Treasury Secretary Scott Bessent says they’re gunning to slash Iran’s oil exports to a mere 100,000 barrels per day—down from its current 1.5-1.6 million bpd. That would equate to a 90% drop. The announcement sent oil prices slightly higher today as traders mull the likelihood of potential supply disruptions. It sounds bold, except history suggests that Iran’s oil trade is a lot slipperier than Washington would like. The Islamic Republic has spent years perfecting the art of dodging sanctions—deploying a “dark fleet” of ... (full story)
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- Posted: Feb 14, 2025 12:54pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 128
