"A furious Iran threatened to retaliate early Friday against a U.S. Senate vote to extend the Iran Sanctions Act (ISA) for 10 years, saying it violated last year's deal with six major powers that curbed its nuclear program. The ISA was first adopted in 1996 to punish investments in Iran's energy industry and deter its alleged pursuit of nuclear weapons; it was due to expire on Dec. 31. Lawmakers said the extension would make it easier for sanctions to be reimposed if Iran violated the nuclear settlement. The extension was passed unanimously on Thursday."
This is the first step being taken by Trump to trash the stupid Iranian Nuke deal. If sanctions are slapped back on Iran, oil prices will spike.
Read: http://www.zerohedge.com/news/2016-12-0 ... 2016-highs