EnergyWatch

Analysts see USD 90 oil price after Iran sanctions

While the oil price has already increased significantly this year, offshore companies and carriers may be the ones who benefit most. According to the founder of US Energy Aspect, Amrita San, US sanctions against Iran will push up prices from the beginning of November.

Photo: /ritzau/Nabil al-Jurani/Arkiv

While the impact of US sanctions against Iran has been reflected in the rising oil price for some time, the price will only be seriously pushed up when the sanctions take effect on November 4.

Founder of US based Energy Aspect, Amrita San, explained in an interview with CNBC that the price will not boost until the towards the end of the year in response to the reintroduced sanctions, which have partly led to more tankers opting to not sail to Iran.

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