for Iran Sanctions
Iranian and Venezuelan hopes of a swift loosening of sanctions under the Biden administration are fading fast.
As Iran anticipates a lifting of sanctions, it will return to a very different oil market where Iraq has filled the vacuum.
Iranian protests against steep gasoline price hikes shows the government is struggling to balance its budget as oil exports decline.
On April 29 the national average gasoline price reached a new 2019 high of $2.97 per gallon—already matching last year's high—with a variety of factors expected to push prices even higher.
The U.S. State Department announced on April 22 that it would let all Iran sanctions waivers expire at the beginning of May as part of the Trump administration’s “maximum pressure” campaign on Iran.
For the United States to realize its foreign policy ambitions, domestic oil demand must be reduced.
Despite a range of uncertainties looming over the oil market this year, there is a growing sense that OPEC+ might be able to succeed in balancing the market after all.
After oil's steep fall in the final weeks of 2018, a diverse array of factors means the rollercoaster is likely to continue in 2019 with forecasting prices proving to be equally hazardous.
There may come a day when the U.S. is able to claim that OPEC is finally broken, but that day has yet to arrive.
Perry Meets with Russian and Saudi Energy Ministers to Blunt Impact of Iran Sanctions on Oil Markets
Renewed Iran sanctions will coincide with election season, granting Russia and Saudi Arabia leverage in negotiations with the United States.