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You mean like Iran? Oil is fungible to a significant degree, but oil politics are not.
by wbsss4412 5y ago
You mean like Iran?
Oil is fungible to a significant degree, but oil politics are not.
- posix_me_less 5y agoAre you sure? Now Iran suddenly seems more likeable partner for oil trade than Russia. And Europe always wanted the JCPOA deal.
- wbsss4412 5y agoYes, except now the Iranians also suddenly have significantly more leverage in negotiating a new treaty. Coming to a timely agreement there is not a foregone conclusion. The key balance here is with the Iranians and the saudis. In all likelihood the nato response hinges on how much support they can count in the Middle East.