Tag: US sanctions

June 4, 2019

Amid rising tension between Washington and Tehran, markets must also add into the mix the loss of barrels from sanctions-hobbled Iran and crisis-hit Venezuela, now also targeted by US sanctions. Brent crude was up 33pc since the turn of the […]

April 23, 2019

China and India are both unlikely to completely cut off Iranian crude imports, energy analysts have said, despite the imminent threat of U.S. sanctions. President Donald Trump’s administration announced Monday that buyers of Iranian oil must stop purchases by May […]

March 19, 2019

Venezuelan Petroleum Minister Manuel Quevedo has denounced U.S. sanctions against Caracas as a “direct attack” on its citizens. His comments come at a time when the oil-rich, but cash-poor, country is suffering the Western Hemisphere’s worst humanitarian crisis in recent […]

August 24, 2018

Oil prices rose on Friday, putting futures on pace to snap several weeks of declines, supported by signs that U.S. sanctions on Iran are already reducing global crude supply. Benchmark Brent crude oil was up 85 cents, or 1.1 percent, […]

August 10, 2018

A U.S. plan to impose targeted crude sanctions against Iran could significantly impact global supply and exhaust the world’s spare oil capacity cushion, according to the latest monthly report from the International Energy Agency (IEA). The IEA’s closely watched report […]

August 6, 2018

U.S. sanctions on Iranian crude could soon push oil prices above $90 a barrel, one oil analyst told CNBC Monday, amid heightened energy market fears of a looming supply shock. “As we go more towards (the fourth quarter) … that’s […]