Ending the Iranian sanctions waiver could be own goal for Trump
Posted by The Editor on April 23, 2019 12:31 pm
Tags: Banking, Barclays, Commodities, Donald Trump, Executive pay and bonuses, Iran, Middle East and North Africa, Oil, Sri Lanka attacks, US foreign policy
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Preventing Iran’s oil from reaching the market will raise oil prices and US business costs
The past two and a bit years have shown that it is naive to expect Donald Trump’s strategic and economic policies to demonstrate coherence. Even so, the lack of joined-up thinking in the decision to end the waiver against sanctions from nations that buy oil from Iran takes some beating.
Related: US toughens stance on Iran, ending exemptions from oil sanctions