Seleskya + 50 AS May 19, 2018 While everyone is busy trying to predict how much oil Trump's withdrawal from the Iran sanctions deal will take off the market, I suggest we step away from these highly speculative activities (I know the market won't step away, of course, but one can always hope). I think what we need to consider is that Trump is trying to negotiate a new deal with Iran. So far, that new deal is that Iran forever discard any nuclear production of any sort. Of course, Iran isn't going to go for that and I can't imagine what incentives would even be needed to make that happen. The EU also isn't going to go for it because they think it's a non-starter and there's too much at stake. Others might (countries not involved in the original deal). But the bigger point is that this is all a negotiation, as is everything with Trump. The withdrawal and sanctions are not done deals--not even close--so we should refrain from thinking is such conclusive terms as "how much Iranian oil will this take off the market". It's far too fluid for such narrow speculation. Quote Share this post Link to post Share on other sites
Scotsman + 14 LB May 19, 2018 and the EU has already told Iran it's going to stick by the nuclear deal regardless of the Trump withdrawal Quote Share this post Link to post Share on other sites