Iran sanctions won’t fuel oil prices for long

The Wall Street Journal – Anticipation of U.S. sanctions on Iran drove oil prices to multiyear highs last month, but the crude being pumped to replace Iran’s supply and easing demand growth from a slowing global economy could push them lower again.

Lower oil prices may be good for U.S. consumers and businesses at a time when inflation is starting to tick up, boosting inflation-adjusted income for households and profit margins for energy-consuming businesses. However, they could sting the nation’s energy producers who have become important drivers…

 

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