Iran’s Oil Exports Implode As Sanctions Sting | OilPrice.com
▻https://oilprice.com/Energy/Crude-Oil/Irans-Oil-Exports-Implode-As-Sanctions-Sting.html
A [...] report from the King Abdullah Petroleum Studies and Research Center (KAPSARC) [...] concludes that “the international community, and indeed some of the waiver countries, will at best partially comply with renewed U.S. sanctions.” Not only that, but the report argues that the U.S. may have to back down a bit in the face of rising oil prices. “Our modeling also suggests that there remains a high risk of U.S. capitulation in the face of international pressure to extend or reissue waivers, or to replace them with some equivalent mechanism.” Much depends on whether or not Saudi Arabia rides to the rescue and adds supply in order to offset outages in Iran.