Trump and Iran might lift oil prices, for now
Don't bet against the president's imminent Iran decision lifting oil prices. But don't expect the rally to last either
Predicting what a stable genius will do next is no easy thing. But now the oil market must wait again on Donald Trump, who will decide this week what to do about US participation in the Iran nuclear deal. The timing of his decision, due on 12 January, whether to decertify the agreement again is awkward—for Trump, Iran and the oil market. Trump's fighting his own local fires, including the fallout from Michael Wolff's fly-on-the-wall book, the Russia investigation and North Korea. Protestors in Iran remain on the streets, despite the Revolutionary Guard's claim to have suppressed the unrest. And the oil market, after a lengthy rally, has paused for breath. Brent was trading in London at almos
Also in this section
3 April 2025
Gas use in India has seen significant growth over the past year and looks set to accelerate further, even if the government’s 2030 goal remains a stretch
3 April 2025
IOCs and Western lenders are reluctant to commit to new oil and gas projects in African frontier countries
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
