Should Trump pull the United States out of a multi-nation agreement on Tehran’s nuclear program, ***ian crude exports could be hit, adding to tightness in the oil market, which is coming back into balance after years of glut.10 a barrel by 0024 GMT.Trump is likely to either announce he will not be renewing a waiver on sanctions, leading to a “significant reduction” in ***ian oil sales within six months, or will restate his opposition to the nuclear agreement, Barclays Research analysts said in a report. At one point they fell below , after settling above that level for the first time since November 2014 on Monday.

If Trump restores core US sanctions, under US law he must wait at least 180 days before imposing their furthest-reaching measure, which is to target banks of nations that fail to significantly cut their purchases of ***ian oil. ***ian officials, however, said that the country’s oil industry would continue to develop even if the United States exits the accord.64, having jumped 1. end-of Tags: oil, oil price, opec, crude oil Location: Japan, Tokyo-to, Tokyo.9 per cent, to .

“Regardless, his foreign policy continues to ignite tensions in the main oil-exporting center and is, thus, price supportive,” they said.Trump said on Monday a decision on whether to remain in the *** nuclear deal or to BMC Mould Manufacturers impose sanctions would be announced at 2:00 pm EDT (1800 GMT) on Tuesday, four days earlier than expected.Tokyo: Oil prices retreated from three-and-a-half-year highs on Tuesday as investors waited on an announcement by President Donald Trump on whether the United States will reimpose sanctions on ***.7 per cent to settle at .US West Texas Intermediate (WTI) crude futures CLc1 fell 63 cents, or 0.Analysts at RBC Capital Markets said ***’s exports could be cut by 200,000 to 300,000 bpd as a result.7 per cent, at .17 a barrel in the previous session.Brent crude futures LCOc1 were down 53 cents, or 0