The US announced Monday that buyers of Iranian oil must stop doing so by May 1 or face sanctions.
Adam posted the breaking news yesterday:
Nice timing! With most traders on holidays Adam's eagle eye allowed those still active in markets to get on board for a nice up move.
In brief:
- US will not renew exemptions granted in November last year to buyers of Iranian oil
- This is a surprise move
- Countries such as China and India had been granted waivers for six months, and expected those exemptions to be renewed. Nope.
