SINGAPORE - Oil prices rallied by more than 2 percent on Monday to levels not seen since November 2018 as a Reuters source familiar with the matter confirmed a report that Washington is set to announce all imports of Iranian oil must end or be subject to sanctions.
U.S. West Texas Intermediate crude futures rose to a Nov. 2018 high of $65.39 per barrel, up 2.2 percent from their last close. The U.S. reimposed sanctions in November on exports of Iranian oil after President Donald Trump unilaterally pulled out of a 2015 nuclear accord between Iran and six world powers.
“The U.S. chief Iran hawks indeed have the President’s ear as Pompeo and Bolton are singularly focused on bringing Iran’s economy to its knees,” said Stephen Innes, head of trading at SPI Asset Management.These potential disruption to Iranian supplies add to an already tight market.
Economic Terrorism is the American way...and it's not working out for u.s. citizens. We're paying for this foolishness $$$$$$at the pump.
.. The worse is yet to come for the regime of darkness in Tehran ..
Morocco protests: Thousands demand release of activists
Do these increases hurt the rich? No. The farmer? The working class commuter living week to week?, the single mom the college kid, the senior, every American 100,000$ yr or less? You do the math. Make rich great again
I went into the trucking business when it was $100 a barrel so $65 isn't a tragedy. It's been as low as the $30s since then so they've been having a free ride for awhile now.
Great. Now oil prices will increase = gasoline prices will increase.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. to announce end to sanctions waivers for Iran oil imports: Washington PostThe United States is preparing to announce on Monday that all importers of Irani... About time GOP in office, must have a middle east war to help them. The sanctions that were already lifted by the Iran deal before realDonaldTrump mucked it up or the same thing with a new name, like NAFTA / USMCA? Just curious to know the angle here, given everything I've seen on the matter has been squarely obtuse...
Source: Reuters - 🏆 2. / 97 Read more »
U.S. to End Iran Oil Waivers to Drive Tehran’s Exports to ZeroThe State Department is expected to announce the end of waivers for countries to import Iranian oil on Monday, as part of the Trump administration’s effort to drive Iran’s exports to zero, people familiar with the decision said. GovHowardDean SenSchumer sfpelosi
Source: WSJ - 🏆 98. / 63 Read more »
U.S. to announce end to Iran sanctions waivers, oil prices spikeThe United States is expected to announce on Monday that all buyers of Iranian o... Suckling on the Iranian tit always ends well The US will never get the taboo against self-enrichment & conflict of interest properly integrated in its political culture. Why not try for a 'declare your interests' norm instead? This govt. could just say, hey, the US is a Saudi Arabia client state now, kbye. Digging for oil or gas might be not good, as there might exist methane hydrate or something like that including methane in stratum maybe in equilibrium to land. If the equilibrium broken, gasification might be going to happen immediately.
Source: Reuters - 🏆 2. / 97 Read more »
Turkey expects US sanctions waivers on Iran oil, Russia armsTurkey's presidential spokesman Ibrahim Kalin says Ankara expects US President Donald Trump to issue a waiver to exempt the country from any economic penalties, should it take delivery of the Russia-made S-400 system.
Source: trtworld - 🏆 101. / 63 Read more »
Aramco in talks to buy stake in refining business of India's RelianceState oil giant Saudi Aramco, the world's biggest oil producer, is in talks...
Source: Reuters - 🏆 2. / 97 Read more »
Oil prices rise on decline in U.S. drilling activity, OPEC supply cutsOil prices rose early on Monday, with Brent hitting its highest level since Nove... That’s good 🇸🇦💐💰💰 Big oil no matter which country always bending over the consumer but hey it could always cost more... Trumps loves oil. Especially high price oil. More donation to him from the old company.
Source: Reuters - 🏆 2. / 97 Read more »
Oil dips, supply issues in focusOil prices edged lower on Monday after international benchmark Brent hit a fresh...
Source: Reuters - 🏆 2. / 97 Read more »
Oil pauses; focus on future supply directionOil prices nudged lower on Monday after international benchmark Brent hit a fres... black gold......a curse & a gift.....ends in death.
Source: Reuters - 🏆 2. / 97 Read more »
OPEC vs. Shale: the Battle for Oil Price SupremacyOil prices are in a tug of war between the huge increase in production in the U.S. shale patch and attempts by OPEC to slash its own output. ...не вечные эквиваленты-не вечны... LucaMagee nice ok ok
Source: WSJ - 🏆 98. / 63 Read more »
Instagram blocks accounts of Iran Guards commandersInstagram blocks accounts of several Iranian Revolutionary Guards commanders, saying it is complying with US sanctions
Source: trtworld - 🏆 101. / 63 Read more »
Exclusive: Dispute flares among U.S. officials over Trump administration Iran arms control reportExclusive: U.S. officials clash over a White House report on arms control, with some wondering if the Trump administration was painting Iran in the darkest light possible Iran. Top terror financier in the world. Why shouldn't they be in a dark light? I don’t know if you can get darker than black? Bad take
Source: Reuters - 🏆 2. / 97 Read more »