In a recently published report, Bank of America Merrill Lynch argued that the oil market had little confidence that Iran’s output could be easily replaced, as reported by Reuters. Key quotes (via Reuters) Cutting Iran exports to zero could push oil up by $50/bbl if Saudi Arabia cannot keep up production. Moving from a 0.5mn to a 1mn b/d Iran export curb would push Brent prices up by $8 to $9/bbl. U.S. Sanctions could prove ineffective if rising oil prices largely make up for any lost Iran volumes FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Canadian labour market definitely took a breather in the first half of 2018 – NBF FX Street 3 years In a recently published report, Bank of America Merrill Lynch argued that the oil market had little confidence that Iran's output could be easily replaced, as reported by Reuters. Key quotes (via Reuters) Cutting Iran exports to zero could push oil up by $50/bbl if Saudi Arabia cannot keep up production. Moving from a 0.5mn to a 1mn b/d Iran export curb would push Brent prices up by $8 to $9/bbl. U.S. Sanctions could prove ineffective if rising oil prices largely make up for any lost Iran volumes Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
