{"id":48382,"date":"2018-11-04T19:34:51","date_gmt":"2018-11-04T19:34:51","guid":{"rendered":"https:\/\/english.thesunrisetoday.com\/?p=48382"},"modified":"2018-11-04T19:34:51","modified_gmt":"2018-11-04T19:34:51","slug":"oil-market-on-alert-as-iran-sanctions-hit","status":"publish","type":"post","link":"https:\/\/english.thesunrisetoday.com\/index.php\/oil-market-on-alert-as-iran-sanctions-hit\/","title":{"rendered":"Oil market on alert as Iran sanctions hit"},"content":{"rendered":"<p style=\"text-align: justify;\"><img loading=\"lazy\" class=\"alignleft  wp-image-6362\" src=\"https:\/\/english.thesunrisetoday.com\/wp-content\/uploads\/2016\/01\/Oil.jpg\" alt=\"\" width=\"797\" height=\"566\" \/>US sanctions against importers of Iranian oil threaten the crude oil market&#8217;s precarious balance and risk surging prices, all under Saudi Arabia&#8217;s watchful gaze, according to experts.<\/p>\n<p style=\"text-align: justify;\">&#8220;In the next weeks all eyes will be on Iranian exports, whether there will be some cheating around US sanctions, and on how quickly production will fall,&#8221; said Riccardo Fabiani, an analyst for Energy Aspects.<\/p>\n<blockquote class=\"alignleft quote-simple \"><p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script> <!-- Automatic size Responsive --> <ins class=\"adsbygoogle\" style=\"display: block;\" data-ad-client=\"ca-pub-1234237307185872\" data-ad-slot=\"7381563475\" data-ad-format=\"auto\" data-full-width-responsive=\"true\"><\/ins> <script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p><\/blockquote>\n<p style=\"text-align: justify;\">Going after Iran&#8217;s oil money will hit Tehran where it hurts, but it also means hitting a major pillar of the global oil market &#8212; Iran is the OPEC cartel&#8217;s third-largest producer &#8212; with major consequences for world supply.<\/p>\n<p style=\"text-align: justify;\">Iran exported the equivalent of 2.5 million barrels a day in April, before the announcement of sanctions turned buyers away.<\/p>\n<p style=\"text-align: justify;\">&#8220;Even if the United States grants exemptions, Washington will demand that the volume imported from Iran be significantly reduced,&#8221; said UBS analyst Giovanni Staunovo, who expects prices to rise.<\/p>\n<div id=\"fb-root\"><\/div>\r\n<script>(function(d, s, id) {\r\n  var js, fjs = d.getElementsByTagName(s)[0];\r\n  if (d.getElementById(id)) return;\r\n  js = d.createElement(s); js.id = id;\r\n  js.src = \"\/\/connect.facebook.net\/en_GB\/all.js#xfbml=1\";\r\n  fjs.parentNode.insertBefore(js, fjs);\r\n}(document, \"script\", \"facebook-jssdk\"));<\/script>\r\n <fb:comments href=\"https:\/\/english.thesunrisetoday.com\/index.php\/oil-market-on-alert-as-iran-sanctions-hit\/\" font=\"arial\" num_posts=\"\" width=\"\" height=\"\" colorscheme=\"light\"  style=\"background:#FFFFFF;padding-top:0px;\r\npadding-right:0px;\r\npadding-bottom:0px;\r\npadding-left:0px;\r\nmargin-top:0px;\r\nmargin-right:0px;\r\nmargin-bottom:0px;\r\nmargin-left:0px;\r\n\"><\/fb:comments>","protected":false},"excerpt":{"rendered":"<p>US sanctions against importers of Iranian oil threaten the crude oil market&#8217;s precarious balance and risk surging prices, all under Saudi Arabia&#8217;s watchful gaze, according to experts. &#8220;In the next weeks all eyes will be on Iranian exports, whether there will be some cheating around US sanctions, and on how quickly production will fall,&#8221; said &hellip;<\/p>\n","protected":false},"author":1,"featured_media":6362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,1],"tags":[],"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/posts\/48382"}],"collection":[{"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=48382"}],"version-history":[{"count":1,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/posts\/48382\/revisions"}],"predecessor-version":[{"id":48383,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/posts\/48382\/revisions\/48383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/media\/6362"}],"wp:attachment":[{"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=48382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=48382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.thesunrisetoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=48382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}