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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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