Are Oil Traders Overestimating the Impact of Latest Iran Sanctions?
June 27, 2019 at 10:48 AM EDT
Rather than resort to war, U.S. President Donald Trump decided to bring down the hammer with more sanctions on Iran in response an unmanned U.S. drone being shot down the previous week. As U.S.-Iran relations remain tenuous, oil traders could be eyeing more price increases for the commodity, but are they overestimating the impact of the latest sanctions?