Independent Strategy

Tags: Oil

Special Post: Commodities

POST » 25th April, 2019 » Special Post: CommoditiesIran oil curbs irrelevant

Trumps has decided to end the waivers the US granted for Iranian oil imports, effective end of June.  This has lifted oil prices over the past week.  Examining global production, expected output and current spare capacity estimates even the complete elimination of Iran from the global oil market is pretty inconsequential.

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