Economics
Trump's Iran Decision: What's at Stake for Global Oil Market?
- U.S. president will announce decision on nuclear deal Tuesday
- Quitting the pact could result in sanctions on Iranian oil
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President Donald Trump will announce on Tuesday whether the U.S. will leave the 2015 Iran nuclear agreement, a signature achievement by his predecessor that he’s long derided as “the worst deal ever.”
He could still surprise the world by agreeing to stay in the accord as diplomats try to negotiate side agreements to address his concerns, but foreign leaders and analysts say the president is likely to exit. That could result in renewed sanctions on the third-largest crude producer in the Organization of Petroleum Exporting Countries.