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Rapid Iran Oil Comeback Now Looks Less Likely

by Bloomberg |Wednesday, August 04, 2021 Iran s oil comeback, already taking longer than many traders expected, will be further complicated by last week s deadly drone attack on a tanker in the Gulf of Oman. (Bloomberg) Iran’s oil comeback, already taking longer than many traders expected, will be further complicated by last week’s deadly drone attack on a tanker in the Gulf of Oman, which the U.S., U.K. and Israel all blamed on Tehran. With talks held up by a change of presidency in Tehran, the incident adds friction to a process that could return 1 million barrels of oil a day to the global market within months. Even if the allies decide against a military response, Washington may be less willing to ease sanctions on the Islamic Republic’s energy exports.

Iran s oil output growth looks less likely following tanker attack

Iran s oil output growth looks less likely following tanker attack
worldoil.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldoil.com Daily Mail and Mail on Sunday newspapers.

OPEC agrees to boost oil output in August on Saudi-UAE compromise

OPEC agrees to boost oil output in August on Saudi-UAE compromise
worldoil.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldoil.com Daily Mail and Mail on Sunday newspapers.

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