Well, Iran did do it,” US President Donald Trump told Fox News. He has now said it a couple of times that he wants to restart talks with Iran. In fact, the worry for the US is how Iran can easily turn the tables on them.In the immediate and medium term, oil prices are not really what we should be worrying about. Last week the Israeli foreign ministry tweeted that more sanctions should be imposed on Iran to prevent it from “violating parts of the JCPOA”! India has stopped importing oil from Iran (and Venezuela).

Source: Economic Times June 15, 2019 17:59 UTC