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Iran's Rapid Oil Comeback Looks Less Likely After Tanker Attack - Bloomberg

Iran’s oil comeback, already taking longer than many traders expected, will be further complicated by last week’s deadly drone attack on a tanker in the Gulf of Oman, which the U.S., U.K. and Israel all blamed on Tehran.

With talks held up by a change of presidency in Tehran, the incident adds friction to a process that could return 1 million barrels of oil a day to the global market within months. Even if the allies decide against a military response, Washington may be less willing to ease sanctions on the Islamic Republic’s energy exports.

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August 03, 2021 at 06:07PM
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Iran's Rapid Oil Comeback Looks Less Likely After Tanker Attack - Bloomberg
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