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What will be the impact on global oil prices due to US sanctions on Iran by June 30, 2025?
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Resolution / Starting Odds
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Oil price data from sources like Bloomberg or the US Energy Information Administration
Story
Trump to Revive 'Maximum Pressure' on Iran, Targeting Oil Exports to Bankrupt Tehran
Nov 16, 2024, 04:20 PM
Donald Trump's new administration plans to revive its 'maximum pressure' policy on Iran to 'bankrupt' Tehran's ability to fund regional proxies and develop nuclear weapons, according to the Financial Times. Trump's foreign policy team will seek to ratchet up sanctions on Tehran, including vital oil exports, aiming to reduce Iran's oil exports from 1.5 million barrels per day to 500,000 barrels per day. Executive orders are being prepared that could be issued on his first day in office. The strategy aims to force Iran to negotiate a new nuclear deal and change its regional policies.
View original story
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