{"id":270651,"date":"2019-04-23T05:56:26","date_gmt":"2019-04-23T05:56:26","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=270651"},"modified":"2019-04-23T06:08:04","modified_gmt":"2019-04-23T06:08:04","slug":"end-to-iran-sanction-waivers-bullish-oil-prices-only-for-short-term-says-barclays","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/end-to-iran-sanction-waivers-bullish-oil-prices-only-for-short-term-says-barclays\/","title":{"rendered":"End to Iran sanction waivers: Bullish oil prices only for short-term, says Barclays"},"content":{"rendered":"<p>The U.S. push to reduce Iranian oil exports to zero will tighten crude markets significantly in the short term, but is unlikely to have a big effect on prices over a longer period, Barclays said in a note on Monday.<\/p>\n<p>Washington this week demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran&#8217;s oil revenues that sent crude prices to six-month highs on fears of a potential supply crunch.<\/p>\n<p>\u201cThe announcement implies material upside risk to our current $70 per barrel average price forecast for Brent this year, compared with the year-to-date average of $65 per barrel,\u201d the British bank said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. push to reduce Iranian oil exports to zero will tighten crude markets significantly in the short term, but is unlikely to have a big effect on prices over a longer period, Barclays said in a note on Monday. Washington this week demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran&#8217;s oil revenues that sent crude prices to six-month highs on fears of a potential supply crunch. \u201cThe announcement implies material upside risk to our current $70 per barrel average price forecast for Brent this year, compared with [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-270651","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=270651"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270651\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=270651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=270651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=270651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}