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White House economist sees no impact on oil prices from Iran sanctions

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The decision to tighten sanctions on Iran will have „no material impact“ on oil prices given the large US supply of petroleum, White House economic…
The decision to tighten sanctions on Iran will have „no material impact“ on oil prices given the large US supply of petroleum, White House economic advisor Larry Kudlow said Tuesday.
„We are a country awash with oil and gas,“ Kudlow said.
World oil prices struck fresh 2019 highs on Tuesday after the US cracked down on Iranian oil exports.

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