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How Will Trump's Iran Oil Gamble Affect The Global Economy?

How Will Trump's Iran Oil Gamble Affect The Global Economy?

Publicerat av Tony Harkén onsdag, 08 maj 2019.

We look at US sanctions on Iran and whether there is enough oil from the US, Saudi Arabia and UAE to fill the void.

US President Donald Trump's attempts to make Iran abandon its nuclear ambitions and change its foreign policy is fraught with danger. After ripping up a nuclear agreement with Tehran, Trump is forcing China, India and Turkey to end imports of crude from the Islamic Republic.

Trump is gambling that there is enough oil from the US, Saudi Arabia and the United Arab Emirates to fill the void. But he is betting the world's economy that events in the "shaky six" - nations with troubled political climates such as Algeria, Angola, Libya, Iran, Nigeria and Venezuela - do not spiral out of control.

So what will the impact be on the global economy?

Read more at - How will Trump's Iran oil gamble affect the global economy?

Publicerat av

Tony Harkén

usa

Klockan i Washington, USA

US-WA - Time
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