Crude oil prices rise due to increased sanctions on Iranian oil, potential impact from upcoming tariffs.

From Barron’s: 2025-03-20 15:26:00

Oil futures saw consecutive gains following increased enforcement of sanctions on Iranian crude by the U.S. Treasury. Prices rose after the designation of a Chinese refining company and vessels involved in shipping Iranian oil. Analysts at Citi Research warned of potential underestimation of the impact of upcoming U.S. tariffs on growth and commodity prices. President Trump’s goal of lower oil prices, potentially through domestic subsidies or tax cuts, is aimed at mitigating tariff impacts on inflation and lowering interest rates.



Read more at Barron’s: Crude Gains As U.S. Tightens Enforcement Against Iranian Oil