U.S. likely to tighten sanctions on Iran crude oil amid Israel-Hamas war, RBC's Helima Croft says

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U.S. President Joe Biden’s administration is likely to tighten crude oil sanctions against OPEC member Iran in response to the Islamic Republic’s backing of Palestinian militant group Hamas, according to Helima Croft, head of global commodity strategy at RBC Capital Markets. Her comments come ahead of a widely expected ground offensive by Israel into Gaza, a move that Croft believes could set the tone for the West’s response to Iran. It has been more than two weeks since Isra