|
Trending Topics
|
Trump's Threat to Ax Iran Deal Is Scaring Off Oil Traders
(Bloomberg) Anthony Dipaola - Some oil traders are unwilling to sign contracts for Iranian crude and refined products that would be valid after May 12, the deadline for President Trump to decide whether to ditch the nuclear deal. U.S. curbs would squeeze Iran's oil exports this year by as much as 500,000 barrels a day, according to consultant FGE and trader Gunvor Group Ltd. Iran's current exports are more than twice what they were before energy sanctions were eased in January 2016. China buys a third of Iran's crude exports.