Posted on 08/08/2018 4:46:30 PM PDT by BeauBo
Iran’s oil exports dropped by 7 percent to 2.32 million bpd in July—their lowest level in four months—as South Korea and Europe are slashing imports ahead of the return of the U.S. sanctions on Tehran... Analysts expect Iran’s oil exports to drop more noticeably beginning in September, and the rate of decline to accelerate.
(Excerpt) Read more at oilprice.com ...
Countries depending on Iranian oil can simply switch suppliers to Venezuela.
Oops.
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