Can Trump really impact Iranian oil exports? Iran used to export to a bunch of countries when Trump was last in office, so it worked then. But Iran now exports mostly to China so it’s unlikely any Trump sanctions would hit Iran oil exports. Agree with the point on Saudi not going into a price war. I live in the Middle East and travel to Saudi weekly. The only thing Saudis care about is funding Vision 2030 and their economic expansion / diversification and cannot tolerate oil at $50
Can Trump really impact Iranian oil exports? Iran used to export to a bunch of countries when Trump was last in office, so it worked then. But Iran now exports mostly to China so it’s unlikely any Trump sanctions would hit Iran oil exports. Agree with the point on Saudi not going into a price war. I live in the Middle East and travel to Saudi weekly. The only thing Saudis care about is funding Vision 2030 and their economic expansion / diversification and cannot tolerate oil at $50
I suspect there will be some backdoor dealing where Trump agrees to some trade sanction reliefs in exchange for sanctions on Iran.