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Iran Sanctions Send Oil Prices, Supply Concerns Higher - San Antonio Express-news

by mysanantonio.com posted 4months ago 40 views
NEW YORK (AP) — The Trump administration's decision to impose sanctions on countries that buy Iranian oil is raising concerns about global crude supply and sending oil prices to their highest levels since October. Industry experts said Monday that the sanctions could potentially remove up to 1.2 million barrels of oil per day from international markets. But that number will likely be lower, depending on how countries respond and just how much oil Iran continues to export.

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