mo4ch:>Thorny dilemma: Will Trump manage to rein in oil prices & keep on pressuring Iran & Venezuela? | Mo4ch News

The US’ aggressive rhetoric against such oil-producing majors as Venezuela and Iran may potentially send global oil prices skyrocketing. However, a surge in price for crude is seen by Washington as a big threat to domestic policy.In April, the White House announced the expiration of waivers on the sanctions it had previously re-introduced against Iranian oil sales. The step was followed by deploying a carrier strike group and bomber task force to the Middle East, aimed at sending “a clear and unmistakable message” to the Islamic Republic and its regime.Separately, the US administration ramped up sanctions on Venezuela in an effort to topple the government of President Nicolas Maduro and install US-backed self-styled ‘interim president’ Juan Guaido instead. The ban targets Venezuela’s key source of income – oil exports. The White House also urged foreign companies and banks to avoid dealing with the PDVSA under threat of secondary sanctions that might be applied to them.Also on rt.comO…