Oil sanctions relief expected to take months after US, Iran reach deal: analysts

Capt. John

While oil traders appeared ready June 10 to accept an instantaneous end to US sanctions on Iran’s oil sector, analysts expect the Biden administration to take several weeks or months to actually remove them after the two countries agree to rejoin the 2015 nuclear deal. Crude oil futures sank briefly June 10 as traders misinterpreted …

The post Oil sanctions relief expected to take months after US, Iran reach deal: analysts first appeared on Hellenic Shipping News Worldwide.

Author: Capt....

https://www.hellenicshippingnews.com/oil-sanctions-relief-expected-to-take-months-after-us-iran-reach-deal-analysts/

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