President Trump recently announced that importers must stop buying Iranian oil or expect sanctions. This tough stance against Iran has had a major impact on prices, as crude oil added over $6 per barrel in the week ended June 29. Crude is now up 70 percent from a year ago and could rise even further due to supply disruptions in Canada and Libya and a decline in U.S. inventories. Frank Holmes explains the importance of monitoring government policies since they can be a precursor to change in the markets.
For Frank’s full explanation, watch the video below!
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