New sanctions on Iran's oil would be 'more bark than bite' - Yahoo Finance
New sanctions on Iran's oil would be 'more bark than bite'
Though Middle East tensions persist, one analyst does not expect the oil sector to feel the brunt of the blow. Vectis Energy Partners Principal Tamar Essner joins Yahoo Finance Live to break down the implications of escalations in regional conflicts and how that would primarily factor into oil supply and demand.
Essner suggests that Iranian supply disruption would be the major factor in oil prices, but believes that even then, U.S. sanctions would be “more bark than bite” as Iran supplies to other markets, including China.
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