Persian Gulf Oil Export Peak after Tanker Attacks?
Oil exports from the Persian Gulf have been peaking in the last 3 years 2016-2018 at around 22.3 mb/d. That was before the US sanctions on Iran were tightened in the 1st half of 2019.
Oil exports from the Persian Gulf have been peaking in the last 3 years 2016-2018 at around 22.3 mb/d. That was before the US sanctions on Iran were tightened in the 1st half of 2019.
With Donald Trump’s decision to shred the Iran nuclear agreement, announced last Tuesday, it’s time for the rest of us to start thinking about what a Third Gulf War would mean. The answer, based on the last 16 years of American experience in the Greater Middle East, is that it won’t be pretty.
A mid-week update.
A weekly update, including:
•Oil and the global economy
•The Middle East
•The IEA’s forecast
•Quote of the week
•Briefs