In June, the Trump administration ordered countries to stop importing Iranian oil by November.
Iran sanctions could make it "very challenging" to maintain global supply, the IEA said Friday.
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Crude prices rebounded Friday amid expectations for US sanctions against Iran, which would cut off oil imports from the country, and a rise in global demand.
West Texas Intermediate crude jumped 1.3% after the International Energy Agency said in a report that planned US...
US sanctions against Iran could make maintaining the world's oil supply 'very challenging,' IEA says
A U.S. plan to impose targeted crude sanctions against Iran could significantly impact global supply and exhaust the world's spare oil capacity cushion, according to the latest monthly report from the International Energy Agency (IEA).
By Dmitry ZhdannikovMOSCOW, Aug 10 (Reuters) - Oil markets have entered a brief period of calm but a storm might be looming later this year when new U.S....