Iran importers face sanctions shell game
Trump’s sanctions plan lacks international support for now, but importers will nonetheless have to adapt
Iran's biggest oil customers will face a far more complex trading landscape in the coming months as US President Donald Trump's unilateral decision to exit the nuclear deal begins to take effect. Although the deal stands and its six other signatories remain committed, the US's dominant role in global economics ensures that Trump's decision to exit the Joint Comprehensive Plan of Action will disrupt the world's oil and gas supply lines. The US Treasury Department has already confirmed it will reinstate restrictions on companies doing business with Iran in the oil and banking sectors after 90- and 180-day grace periods respectively. As it currently stands, the US withdrawal creates a situatio
Also in this section
2 April 2025
The often-hidden yet powerful hand maintains supply chain linkages and global flows amid disruptions
2 April 2025
At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
