New Iran Oil Sanctions Could Have Impact, Energy Aspects Founder Says

Amrita Sen, founder and research director of Energy Aspects, says it is unlikely the US will "strongly" enforce new oil sanctions on Iran given the upcoming presidential election. "I think all sanctions are sanctions on paper, with anything that remotely causes oil prices to go up, I don’t believe they will enforce it strongly," she tells Bloomberg Television. The US House passed new sanctions on Iran’s oil sector set to become part of a foreign-aid package, putting the measure on track to pass the Senate in the coming days.
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