US oil waivers canned – ANZ
|ANZ analysts point out that in the US, the Trump administration announced its plans to not renew its sanction waivers on Iranian oil.
Key Quotes
“The six-month waiver was previously granted to eight countries to wind-up their exports from Iran without facing US sanctions.”
“The current waivers expire on 2 May and the decision is likely to worsen the ongoing supply woes being felt with Venezuelan sanctions, the OPEC supply cut, and intensifying conflict in Libya. That said, the administration is confident that any shortfall can be made up from Saudi Arabia, UAE, and other major producers.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.