Tighter Iranian Oil Sanctions Set Stage for
U.S.-Saudi Showdown
As Iran gets on more sanctions with Trump banning all oil exports means higher gas prices for us. Saudi Arabia has started to raise oil prices to keep its state budget balanced. As Trump administrations on April 22nd decided to completely bring Iran's oil exports to zero.
This happened because of oil prices rising by about 30%.
With that being said, Saudia Arabia will still remain under 10 barrels a day until the end of May. Depending on oil stock the production will vary.
With that being said gather up as many barrels of oil that you can because the prices will be rising thanks to the wonderful sanction.
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