Oil markets brace for Trump’s decision on Iran – Commodity News
Posted on May 8, 2018 at 10:11 am GMTUS President Trump will announce today at 1800 GMT whether the US will withdraw from the Iran nuclear deal. Oil prices have been surging in recent weeks, on speculation that Iran may soon be faced with fresh sanctions on its exports, which would likely lead to lower oil supply. While an official withdrawal by the US today could push prices even higher, its crucial to note that most of this story may be priced in already, which also leaves prices [..]