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What's at Stake for Oil as Trump Appoints Another Iran Hawk?

  • John Bolton, harsh critic of nuclear pact, to join White House
  • Firing of Rex Tillerson removed another defender of Iran deal
IRAN-ECONOMY-OIL-KHARK

Source: STR/AFP/Getty Images

When former United Nations ambassador John Bolton becomes U.S. national security adviser next month, he will cast even more doubt on the nuclear deal between Iran and major world powers, with potentially significant consequences for the oil market.

Bolton, a veteran of George W. Bush’s administration known for his ardent support of the 2003 Iraq invasion, has described the accord with Iran as a “strategic debacle.” His appointment follows the firing last week of Secretary of State Rex Tillerson, a defender of the nuclear deal, who will be replaced by another foreign policy hawk, Central Intelligence Agency Director Mike Pompeo.