Julian Lee, Columnist

Trump Lights a Fire Under Oil the Saudis Can't Douse

U.S. sanctions on Iran will test global production limits.

June 27, 2018 at 8:56 AM UTC

Julian Lee is an oil strategist for Bloomberg. Previously, he was a senior analyst at the Centre for Global Energy Studies.

Not a customer in sight.
Photographer: Kaveh Kazemi/Getty Images Europe

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President Trump didn't disappoint. His lack of concern about the likely collateral damage from re-imposing sanctions on Iran meant that the latest curbs on the country's oil exports were always likely to be much tougher than the originals.

The U.S. is pressing allies to completely halt their purchases of Iranian oil by the end of the wind-down period on Nov. 4.