, Columnist
The Winner From Trump’s Iran Sanctions? Saudi Arabia
The Saudis are cashing in on the shortage created by the U.S. president’s economic war on Iranian oil.
His squeeze on Iran is a windfall for the Saudis.
Photographer: Yuri Gripas/BloombergThis article is for subscribers only.
Saudi Arabia is set to do very nicely from President Donald Trump’s tougher oil sanctions on Iran.
The Arab kingdom is poised to raise its own output to meet all requests for oil purchases it has received for June, notably from countries that have had to stop buying Iranian crude. Other Persian Gulf Arab countries with spare production capacity — Iraq, Kuwait and the U.A.E. — will almost certainly follow suit.