Some political analysts believe that the Trump administration is facing mid-term elections in the US Congress and needs to rely on Saudi Arabia and other major oil-producing countries to increase production, as far as possible to offset the impact of Iran

Choosing to ignore U.S. sanctions and reduce purchases of U.S. oil sent a fairly clear signal: It will not be forced to cooperate with U.S. policies and is willing to help Iran as long as it gets some rewards. In recent years, Iranian relations have becom

Because of the plunge at the end of May, crude oil prices are currently barely supported at 65. The main factor currently suppressing crude oil prices comes from the market’s panic that OPEC will increase production. The upcoming OPEC in June has become t

Non-agricultural data and crude oil are closely related. The high non-agricultural employment data proves the healthy development of the US job market, and the increase in the employment rate indicates the prosperity of the US economy. This will lead to t

The market participants also stated that Iran can effectively fight Trumps sanctions by gaining support from other countries. In fact, Iran has always hoped to expand the export of crude oil. The current national oil price fluctuates between US$60 and US$