The rising price of uncertainty has rippled through international crude oil markets as well. Nephew was a key part of the U.S. team that negotiated the Iran deal. Iran’s oil sales were reduced by more than 1 million barrels a day. The reduction in Iranian oil exports would also hurt the Islamic republic at home. Iran has some room to deal with a decision by Trump to undercut the deal.

Source: Washington Post May 07, 2018 16:24 UTC