U.S. Exit from Iran Nuclear Agreement Roils Global Oil Markets

President Donald J. Trump's decision to exit the Iran nuclear deal and reimpose sanctions has injected a much higher level of volatility into oil markets, with prices scaling new heights to levels not seen since 2014. In reality, the disruption to Iranian exports and oil trading flows will be relatively limited, but against a backdrop of stronger global oil demand, declining stock levels, and the upcoming peak summer driving and cooling season, markets are unnerved. Equally, the broader implications for escalating regional tensions are expected to inflate the geopolitical price premium in markets going forward. The potential for conflict is squarely on the radar screen of everyone invested in the region, including oil executives.

U.S. Exit from Iran Nuclear Agreement Roils Global Oil Markets
Iranian oil workers gather at an oil refinery south of Tehran, Iran. (AP Photo/Vahid Salemi, File)

AGSIW's publications are also available in Arabic. Help AGSIW expand its Arabic-language analysis.

Donate

The Latest

Support Us

Through its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.

Learn More