Tuesday, March 04, 2025 | 08:35 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Trump's Iran nuclear deal exit means uncertainty over oil prices, supply

Saudi Arabia will work with OPEC and non-OPEC producers to reduce the impact of any shortage in oil supplies

Trump, iran deal, iran nuclear deal, saudi arabia, nuclear deal, Donald trump, united states
Premium

US President Donald Trump gestures while addressing a joint news conference with Nigeria's President Muhammadu Buhari in the Rose Garden of the White House in Washington, US | Photo: Reuters

BS Web Team New Delhi
US President Donald Trump's decision to make his country exit the Iran nuclear deal has brought some uncertainty over global oil and gasoline prices. At a time when global oil prices are already very volatile , thanks to production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and Russia, and instability in Venezuela, Trump's move to pull out of the Iran deal also known as the Joint Comprehensive Plan of Action (JCPOA), could curb the OPEC nations' crude oil exports. Iran's oil exports to China, Europe and other countries would most likely decline later this year and in

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in