The impact of US sanctions on Iranian oil industry, market in focus

Right from the day Trump withdrew from Iran’s nuclear deal, announcing his plan for cutting Iranian oil exports to zero, the oil scholars and experts all around the world begun contemplating the impacts of this decision on the Iranian oil industry, especially on the country’s oil exports. Today, nearly five months after Trump’s announcement and while the US has re-imposed sanctions on Tehran, still nobody has a clear idea about the outcomes of the US actions against Iran, and there is still great disagreement over the magnitude of the impact on Iranian oil industry and especially on crude exports. However, the oil markets have been through various changes in the past few months based on which we can draw a relatively neat picture of what to expect in the future.