MNI: Iranian Crude Flows But Risks Grow on JCPOA Collapse
Oct-02 13:19By: Lawrence Toye
Gasoil+ 14
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Executive Summary:
The return of snapback sanctions on Iran in and of itself is unlikely to impact its oil exports.
Chinese buyers are likely to continue buying Iranian crude, using circumvention methods to obtain it.
The real risk to the collapse of the JCPOA is worsening diplomatic relations with Iran and the West.
An even more isolated Iran risks a renewed conflict with Israel, putting Persian Gulf oil flows in jeopardy.
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