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White House: US, Saudi Arabia, UAE 'Have agreed to assure that global demand is met as all Iranian oil is removed from the market'
WHITE HOUSE SAYS U.S., SAUDI ARABIA, UNITED ARAB EMIRATES 'HAVE AGREED TO TAKE TIMELY ACTION TO ASSURE THAT GLOBAL DEMAND IS MET AS ALL IRANIAN OIL IS REMOVED FROM THE MARKET'#OOTT
— First Squawk (@FirstSquawk) April 22, 2019
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Oil Surges As White House Confirms It Will End Waivers On Iranian Crude Exports
Update: In a statement effectively confirming the Washington Post's report from last night, the White House said that President Trump has decided not to extend the 180-day waivers on Iranian oil exports when they expire early next month. TRUMP WON'T RE-ISSUE IRAN OIL WAIVERS SET TO EXPIRE IN MAY Meanwhile, the US, UAE and Saudi Arabia have promised to ramp up production to make up for any shortfall, as the White House reaffirms that its goal is to bring Iranian oil exports to zero. Secretary of State Mike Pompeo is expected to offer more information when he speaks later this morning. Expectations that the Trump ... (full story)
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