, Columnist
Three Looming Crises That May Rattle Oil Markets
Iranian sanctions, Venezuelan unrest and Libyan terrorists could push prices up.
Smooth sailing?
Photographer: Ali Mohammadi/Bloomberg
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Crude oil prices have risen by nearly half over the last year, driven by OPEC-led production cuts and strong international demand. Yet in the next few months, it’s the confluence of several emerging geopolitical crises that may drive prices even higher.
In the aftermath of the White House’s decision to abandon the Iran nuclear deal, market analysts are carefully watching to determine the full impact that renewed sanctions on Tehran will have on international crude oil supplies.