US withdrawal from Iran Nuclear deal adds more pressure to oil prices

The withdrawal of the US from the Iranian nuclear deal will result in sanctions that could disrupt fertilizer and petrochemical exports from Iran. But the larger consequence of the US withdrawal could be its effect on oil prices, which are already rising because of a number of trends that are increasing demand and limiting supply. 

Al Greenwood discusses the likelihood of sanctions against Iran and how these will affect petrochemical markets and contribute to rising oil prices. 

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