Biden Unlikely to Strictly Enforce Sanctions on Iranian Oil Ahead of Elections ...Middle East

Despite a new package of sanctions against Iran targeting financial institutions, ports, vessels, and refineries that knowingly process Iranian oil shipments, the U.S. Administration is unlikely to “strongly enforce” the restrictions in an election year, Amrita Sen, founder and research director of Energy Aspects, told Bloomberg Television in an interview. “I think all sanctions are sanctions on paper, with anything that remotely causes oil prices to go up, I don't believe they will enforce it strongly,” the research…

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