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Tag: crude oil markets

Commercialization, Conventional Fuels, News and Policies, World

Trump’s Sanctions On Iran Just Handed A Big Victory To Russia

October 30, 2018

Via: Forbes

Who most benefits from US sanctions on Iran? Is it Saudi Arabia? Israel? Perhaps the United Arab Emirates? Try Russia. By weakening Iran, the sanctions cede Russia the power to balance crude oil markets. That’s because OPEC needs big producers […]