Harris’ Oil Sanction Policy Likely to Mirror Biden’s: Platts

A Kamala Harris presidency would likely follow Biden in backing policies to keep Iranian and Venezuelan barrels in the market, experts told Platts.

• "There's no indication a Harris administration would enforce existing sanctions against Iran, Russia or Venezuela more stringently, given similar global conditions," Transversal Consulting’s Ellen Wald said.
• Harris will likely promote a new Iran nuclear deal and would not enforce or widen sanctions if it risked jeopardising a deal.
• Moreover, Harris’ current top foreign policy advisor, Phillip Gordon, was one of the negotiators for Obama’s Iran deal.
• Neither is Harris likely to escalate action against the Houthis, who have upended global trade flows by targeting merchant ships in the Red Sea.
• Conversely, the country facing the highest risk of further sanctions is Russia, Platts said. A President Harris would likely join widening EU sanctions on Russia at the end of this year.