You all need to watch the video at this website: https://www.state.gov/r/pa/prs/ps/2018/07/283669.htm
The United States is going to ramp up the HEAT on Iran starting on August 4. There is also going to be extreme pressure on any nation that continues to do business with Iran.
Starting in early August:
> Taking away Iran's access to hard currency
> Locking up their assets
> Targeting individuals in the Iranian government that have committed human rights violations, which is a very long list of people.
Starting November 4 any country or business that buys Iran's oil will "feel the heat". The U.S.'s goal is to take Iranian oil exports to ZERO.
After the prepared remarks, listen to the questions from the press. It is obvious to me that some of the press do not realize how serious this is going to get.
MY TAKE: If Iran decides to play hard ball with Trump, this will take oil to more than $100/bbl within six months because OPEC+Russia cannot make up for all of the Iranian exports.
Iran: U.S. State Department Update
Iran: U.S. State Department Update
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group