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The brent was trading around $ 71.75 Thursday afternoon, up 0.2%, while the WTI rose to $ 63.94, up about 0.3% .
"I would say that I am very worried about the role that US sanctions will play against Iran … It's the most important issue on the supply side and, of course, incredibly complex "said Cailin Birch, world economist at The Economist Intelligence Unit. EIU), told CNBC by phone.
The "unpredictable nature" of US foreign policy means that there is a "major risk" for the Trump government to remove derogations from Iran next month, Birch said. On May 2, President Donald Trump must decide if he wants to extend exemptions allowing several countries to import oil from Iran, which is subject to widespread economic sanctions in the United States. United.
While the Trump government applies a policy of "maximum pressure" towards Iran, the president announced that he had granted exemptions to eight countries in November to prevent the soaring oil prices. The exemptions are also seen as a way of managing relations with foreign countries, which for the most part oppose Trump's Iranian policies.
Admittedly, analysts doubt that Trump refuses to extend the waivers, although government officials have repeatedly invoked the administration's goal of zeroing Iranian oil exports.
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