‘The Bullish Conclusion Is Simple’: Analysts Quickly Adapt To Oil’s New Reality As Japan To Stop Importing Iranian Oil In September

‘The Bullish Conclusion Is Simple’: Analysts Quickly Adapt To Oil’s New Reality As Japan To Stop Importing Iranian Oil In September

Late last month, the U.S. asked Japan to stop shipments of Iranian crude as part of a broader effort to compel allies to turn the screws on Tehran following Donald Trump's decision to exit the nuclear deal. As Bloomberg noted at the time, Japan is "Asia’s fourth-largest buyer of Iranian supplies, received 5.3% of its oil requirements from Iran, or 172,000 barrels a day, in 2017." During the week of the OPEC meeting in Vienna, Iran's oil minister Bijan Zangeneh said Japan had not stopped buyi
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