Economics
Oil Faces a Month of Mayhem as Geopolitical Risks Proliferate
- Sanctions could disrupt supplies from Iran or Venezuela
- Saudis push for higher prices; Trump talks to North Korea
Oil Rises as Market Braces for Trump's Iran Nuclear Call
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Plunging Venezuelan crude production; sanctions disrupting Iranian oil exports; Saudi Arabia pushing for even higher prices; North Korea peace talks -- the coming weeks bring an abundance of risks for the oil market.
The geopolitical premium has already helped lift crude prices to a three-year high. There are several dates coming up which could have a significant impact on global oil supply and demand, or at the very least elevate the risk of a market-moving presidential tweet.