U.S. sanctions on Iran begin Nov. 4 and Washington has made it clear to Tehran’s customers that it expects them to stop buying any Iranian crude oil from that date. WTI Crude is $66.46; Brent is $76.30 this morning.
Global oil demand will continue to grow even amid the rise of electric vehicles as they are governed by petrochemicals and aviation, among others. WTI Crude is $66. 26; Brent is $76.00 this morning.
Iranian sanctions take effect Nov. 5. Three of Iran’s top five customers – India, China, and Turkey - are resisting Washington’s call to end purchases outright, arguing there are not sufficient supplies worldwide to replace them. WTI Crude is $67.52; Brent is $77.61 this morning.
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