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Monday, 17 February 2020

Trump says he wants to go slower on sanctions for Iran's oil

Reuters , Monday 5 Nov 2018
Views: 3194
Views: 3194

US President Donald Trump on Monday said he wants to impose sanctions on Iran's oil gradually, citing concerns about shocking energy markets and causing global price spikes.

"With the oil, it's very interesting. We have the toughest sanctions ever imposed, but on oil we want to go a little bit slower because I don't want to drive (up) the oil prices in the world," he told reporters before flying to a campaign event.

 "This has nothing to do with Iran ... I could get the Iran oil down to zero immediately but it would cause a shock to the market. I don't want to lift oil prices."

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