Biden Might Consider Letting Sanctioned Iranian Oil Onto Market - Vito GroupThe mounting US fuel crisis - and midterm pressures - may force President Biden to turn a "somewhat greater blind eye" to sanctioned Iranian oil pouring into the global market, even without a revival of the 2015 nuclear deal, according to a trader at Vitol Group. (Bloomberg)
"US intervention in these flows has always been pretty sparse," Mike Muller told Gulf Intelligence podcast, before claiming it would not signal a spike in tanker seizures despite Greece agreeing to a Treasury request to send 115,000 barrels seized aboard a Russian-operated tanker to the US.
Biden is expected to visit Saudi Arabia soon, reneging on a pre-election pledge to deal with the Kingdom at a distance.
Good to see Uncle Sam's priorities are in order.
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