Trump and Iran might lift oil prices, for now
Don't bet against the president's imminent Iran decision lifting oil prices. But don't expect the rally to last either
Predicting what a stable genius will do next is no easy thing. But now the oil market must wait again on Donald Trump, who will decide this week what to do about US participation in the Iran nuclear deal. The timing of his decision, due on 12 January, whether to decertify the agreement again is awkward—for Trump, Iran and the oil market. Trump's fighting his own local fires, including the fallout from Michael Wolff's fly-on-the-wall book, the Russia investigation and North Korea. Protestors in Iran remain on the streets, despite the Revolutionary Guard's claim to have suppressed the unrest. And the oil market, after a lengthy rally, has paused for breath. Brent was trading in London at almos
Also in this section
16 June 2025
BP and partners have reached a $2.9b FID on a new phase at Shah Deniz, but slow progress on other gas projects is attributed to a lack of European support
13 June 2025
US policies may have lasting effects in sectors such as energy, that rely on predictable rules and long-term planning
13 June 2025
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
13 June 2025
CEO argues the upstream potential remains huge as analysts question future oil production for Canadian province’s offshore industry
