White House economist sees no impact on oil prices from Iran sanctions
The White House announced that eight countries -- China, India, Turkey, Japan, South Korea, Taiwan, Italy and Greece -- will face sanctions if they continue to buy oil from Iran (AFP Photo/Behrouz MEHRI)/ Washington (AFP) - The decision to tighten sanctions on Iran will have "no material impact" on oil prices given the large US supply of petroleum, White House economic advisor Larry Kudlow said Tuesday. "We are a country awash with oil and gas," Kudlow said. World oil prices struck fresh 2019 highs on Tuesday after the US cracked down on ...
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