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Limited Impact on Iran Supply from US Sanctions: FGE

OIL
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Limited impact is expected on Iran’s oil exports from new US legislation according to FGE.

  • The market will need to wait for the Senate passage of the Iranian sanctions bill and any impact on Iran’s oil exports will depend on a more detailed review of the text.
  • “Our base case is that we do not envisage the new legislation to have much impact on Iran’s oil exports, which have recently risen to 1.7m b/d of crude and condensate.”
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Limited impact is expected on Iran’s oil exports from new US legislation according to FGE.

  • The market will need to wait for the Senate passage of the Iranian sanctions bill and any impact on Iran’s oil exports will depend on a more detailed review of the text.
  • “Our base case is that we do not envisage the new legislation to have much impact on Iran’s oil exports, which have recently risen to 1.7m b/d of crude and condensate.”