The United States is likely to tighten the sanction enforcement on Iran's crude oil exports over the Hamas-Israel war and the Iranian backing of Hamas according to RBC capital markets
The United States is likely to tighten the sanction enforcement on Iran’s crude oil exports over the Hamas-Israel war and the Iranian backing of Hamas, Helima Croft, the head of global commodity strategy at RBC Capital Markets, told CNBC on Wednesday. “The Biden administration is desperate to contain this war, they clearly do not want it spilling beyond Gaza,” Croft told CNBC’s Dan Murphy on the sidelines of an investment forum in Saudi Arabia on Wednesday. On Tuesday, U.S.
” Since the Hamas attack on Israel on October 7, the market has been wondering whether to price in an even tighter supply should the United States tighten the enforcement of the sanctions on Iran’s oil exports. Oil supply from Iran, which has been rising in recent months to a 2018 high due to what appears to be weaker enforcement of the U.S. sanctions, could begin to shrink again, analysts say.
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Israel rejects calls for ceasefire at major UN meeting and vows to destroy HamasThe UN chief had earlier called for an immediate humanitarian ceasefire to deliver desperately needed food, water, medicine and fuel.
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