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Trafigura: Iran Sanctions Are Biggest Bullish Catalyst On Oil Prices

OilPrice.com Wednesday, 26 February 2025
Trafigura Group’s head of oil trading Ben Luckock has named U.S. foreign policy towards Iran as the biggest upside risk to crude prices in an otherwise well-supplied market.“The two big unknowns are – how is the US going to deal with it’s trade issue with China and then how is the US going to deal with Iran and I think the Iranian one is the one that we need to watch out for,” Luckock said in an interview on Bloomberg TV. “You may find that pressure on Iran backs it into a corner and then we have to be careful.”…
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News video: Russian FM in Tehran: Strengthening Alliance amid new Trump's Revived 'maximum pressure' on Iran

Russian FM in Tehran: Strengthening Alliance amid new Trump's Revived 'maximum pressure' on Iran 03:18

Russian Foreign Minister Sergey Lavrov arrives in Tehran for high-stakes talks with Iranian officials as Trump ramps up his "maximum pressure" campaign, imposing fresh sanctions on Iran’s oil industry. With Moscow stepping in to support Tehran, the Russia-Iran alliance is growing stronger, further...

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