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Euro at Risk as US Ends Iran Oil Waivers - Trade War Tensions Rise
While the surge in crude oil prices after the US ended sanction wavers in Iranian oil took center stage, another asset may soon be in the spotlight: the Euro. The divergence in US and EU foreign policy toward Iran may add another crack to an already-fractured relationship. This comes as policymakers from both sides of the Atlantic prepare to re-enter what appears to be another trade war. In 2018, President Donald Trump shredded the 2015 nuclear deal with Iran and reimposed sanctions against Tehran. The EU, however, wanted to preserve the previous agreement as a way to maintain regional stability. European ... (full story)
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