US sanctions on Iran are set to keep oil prices elevated, analysts say
"As we go more towards (the fourth quarter) … that's when we really see the risk of prices going well into the 80s and potentially even into the 90s but very critical is how much Iranian production we lose," Amrita Sen, chief oil analyst at Energy Aspects, told CNBC's "Squawk Box Europe" on Monday.
Investors are seen weighing bullish factors that include potential supply disruptions to Iranian crude exports against more bearish indicators, such as a ramp-up in production by OPEC and its allied partners.
President Donald Trump's decision to pull the U.S. out of an international agreement to curb Iran's nuclear program is widely expected to severely hinder the world's fifth-largest oil producer.
Sam Meredith | @smeredith19
https://www.cnbc.com/2018/08/06/us-sanc ... year-.html