A Case for Why U.S. Sanctions on Iran Could Backfire on Global Oil Prices

Chart of the Day

Good morning!

Treasury Secretary Scott Bessent’s plan to launch “Operation Economic Outcast” could stoke already high oil prices even higher. 

In a press conference Monday, Bessent said that the U.S. government could place sanctions on companies and countries that are conducting business with Iran—whether that be through outcasting those that buy its oil or help carry out cyber operations or skirt sanctions by facilitating financial transactions. The a...

Chart of the Day

Good morning!

Treasury Secretary Scott Bessent’s plan to launch “Operation Economic Outcast” could stoke already high oil prices even higher. 

In a press conference Monday, Bessent said that the U.S. government could place sanctions on companies and countries that are conducting business with Iran—whether that be through outcasting those that buy its oil or help carry out cyber operations or skirt sanctions by facilitating financial transactions. The a...
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