Commodities
IEA: Future Sanctions Already Severely Effect Iranian Oil Exports
In the IEA’s monthly Oil Market Report they have said that the European and US trade sanctions designed to impede Iran’s nuclear program could affect far more than the 600,000 barrels per day (bpd) that the EU normally imports. The sanctions are not set to come into effect for another 5 months, but already European customers are avoiding Iranian oil and many other countries such as China and India have been sourcing their oil imports from other nations such as Russia, Saudi Arabia and Africa. "Although there are five months before restrictions… Read more...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,218.62 | 1,293.71 | 2,778.62 | 15.07 |
Oil *
99.54
|
|
DOWN
174.83 |
DOWN
16.62 |
DOWN
48.72 |
DOWN
0.74 |
10 Yr
1.51%
SPDR Gold
155.50
|
|
-1.41%
|
-1.27%
|
-1.72%
|
-4.68%
|
Data delayed 20 minutes |
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