Politics, Geopolitics & Conflict While President-elect Donald Trump is said to have plans to target Iran’s oil exports with tougher sanctions, criticizing the current administration for not enforcing existing sanctions, it will likely have a much larger impact on prices at home because China will retaliate, for one. It would not be necessary to slap new sanctions on Iran; rather simply to more strictly enforce the existing sanctions, which would take nearly 1 million bpd of oil off the market and upset the fragile supply-demand setup…
