How Will President Trump Use Oil Sanctions

U.S. sanctions on Iran have had a significant impact on the global oil market

The sanctions, which were imposed in November 2018, have led to a sharp decline in Iran's oil exports. In 2018, Iran exported an average of 2.5 million barrels of oil per day. By 2019, that number had fallen to 1.5 million barrels per day. The sanctions have also caused a significant increase in the price of oil. In 2018, the price of Brent crude oil averaged $71 per barrel. By 2019, that number had risen to $86 per barrel.

The sanctions have also had a significant impact on the Iranian economy

The sanctions have led to a sharp decline in Iran's GDP. In 2018, Iran's GDP was $436 billion. By 2019, that number had fallen to $416 billion. The sanctions have also caused a significant increase in the unemployment rate in Iran. In 2018, the unemployment rate in Iran was 12.1%. By 2019, that number had risen to 14.3%.

The sanctions have also had a significant impact on the U.S. economy

The sanctions have led to a decrease in the demand for U.S. oil exports. In 2018, the U.S. exported an average of 11.5 million barrels of oil per day. By 2019, that number had fallen to 10.5 million barrels per day. The sanctions have also caused a decrease in the price of U.S. oil exports. In 2018, the price of U.S. crude oil averaged $63 per barrel. By 2019, that number had fallen to $58 per barrel.

The sanctions are likely to have a continued impact on the global oil market

The sanctions are likely to continue to have a significant impact on the global oil market. The sanctions are likely to continue to cause a decline in Iran's oil exports and an increase in the price of oil. The sanctions are also likely to continue to have a negative impact on the Iranian economy and the U.S. economy.