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At the same time, Washington continues to increase pressure on Tehran. US President Donald Trump on Monday called Iran's Islamic Revolutionary Guards Corps a terrorist organization – the first time America officially names the military army as another terrorist group.
Tensions between the two countries have increased since the United States withdrew from a nuclear deal reached in 2015 with Iran, known as the Global and Joint Action Plan. . The administration also reimposed sanctions on Tehran's crude oil exports, bringing a blow to the Iranian economy.
Commenting on recent statements by personalities such as US Secretary of State Mike Pompeo on the "complete cancellation of Iranian exports," Driscoll said the goal was "unrealistic" and "perhaps even delusional".
"With rising oil prices, it will be increasingly difficult to keep this oil on the market," he said. "He's going to find a point of sale."
Driscoll said that in the case of the "black swan", Tehran loses patience and tries to close the Strait of Hormuz – a critical sea passage for crude oil shipments, which would result in the loss of a " Critical strangling point where 30% of the world's oil and gas passes. "
Oil prices hit new highs in 2019 on Monday, the Brent crude futures contract, an international benchmark, added 1.1% to $ 71.10 a barrel. US crude futures also rose 2.1% to $ 64.40 per barrel.
Tuesday morning Asian exchanges continued their ascent. Brent prices rose slightly to $ 71.16 and US crude futures were between 0.23% and $ 64.55 per barrel.
"When I was on the series a month ago, I said we were going to exceed the $ 70 Brent threshold, but that's going to be short-lived," Driscoll said.
"Well, let me change that, I think this one has a few more legs," he said. "Libya has returned to the game, Iran, Venezuela, everything is getting stronger.
– Reuters and Natasha Turak of CNBC contributed to this report.
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