The Ripple Effects of the U.S. Move to Stop Oil Flows From Iran
U.S. Secretary of State Mike Pompeo speaks during a press conference at the U.S. Department of State in Washington on April 22, 2019, in which he announced that the United States would no longer grant exemptions to Iran’s oil customers. Washington is taking a tougher line on Tehran’s oil exports, but that could drive up oil prices and provoke an angry response from Iran.
(ANDREW CABALLERO-REYNOLDS/AFP/Getty Images)
Washington's new bid to bring Tehran's oil exports to a grinding halt could have far-reaching effects, from creating a tighter oil market to putting the U.S. on a potential collision course with Turkey and China....
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