Trump Iran & BAS

Daz just posted this below if you missed it:

Following excerpt taken from Daily FX site.

"Oil: All eyes on the oil market today as President Trump will announce his decision on the Iranian Nuclear Deal. A vocal critic of the agreement it is likely that President Trump will not certify the deal, however the focus will on whether the US will impose new sanctions on Iran that would curb crude oil exports. In the run up to the announcement, WTI crude futures have continued to pull back from 3 and half year highs."

Just watched his Speech on Youtube.

So Trump pulled out of Iran Nuclear deal.  Will see what happens now.  Sanctions on Iran may very well impact Global Oil prices.

also, this analysis I found from a CNBC article

https://www.cnbc.com/2018/05/08/oil...awaits-trumps-iran-nuclear-deal-decision.html

"Iran is OPEC's third-largest oil producer and currently exports about 2.5 million barrels a day. Renewed sanctions could crimp those shipments at a time when global oil supply and demand have essentially balanced out. That increases the risk that the market could swing into undersupply and send oil prices higher".