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Iran’s oil is sanctioned hence not on public market. Does it really have much influence?
by dzhiurgis 8mo ago
Iran’s oil is sanctioned hence not on public market. Does it really have much influence?
- citrin_ru 8mo agoChina buys Iranian oil, if they’ll start to but oil from non-sanctioned countries it will push prices up. But the biggest reason for prices to go up is the risk that Iran will attack tankers in the strait of Hormuz or oil infrastructure on Arabian peninsula.
- dzhiurgis 8mo agoExcept that Iran's oil also going to end up in non-sanctioned market, pushing prices down.
- antonkochubey 8mo agoYes, because if it stops flowing, demand on the public market will increase, and prices will rise.
- bawolff 8mo agoIt does, but the primary concern is iran stopping oil transit by other countries in the strait of hormuz, not their own oil. Which they did just start to do.