Oil Market Faces Tense Wait as Iran Sanctions Too Close to Call
Probability of ‘snap-back’ about 50 percent: Bloomberg survey/ Trump to decide whether to renew sanctions by May 12/ Global markets for equities, currencies and metals have all been whipsawed by the uncertainty over what President Donald Trump’s next geopolitical move would be. Oil’s about to have a turn./ It’s too close to call whether Trump will reinstate sanctions on Iran next month and the impact is highly uncertain, according to a Bloomberg survey of oil-market analysts. The 17 respondents saw on average a 50-50 chance of sanctions ...
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