OilPrice.com By Irina Slav
The U.S. may relax its sanction pressure on Tehran to allow more Iranian oil barrels to enter the global market, the head of Asian operations at Vitol, Mike Muller, told Bloomberg over the weekend.
âUncle Sam might just allow a little bit more of that oil to flow,â Muller said. âIf the midterms are dominated by the need to get gas prices lower in America, turning a somewhat greater blind eye to the sanctioned barrels flowing out is probably something you might expect to see. US intervention in these flows has always been pretty sparse.â
The Bloomberg report came out on the same day as a Reuters report citing unnamed sources as saying that the U.S. was also relaxing sanctions on Venezuela, allowing two European companies to ship Venezuelan crude to troubled Europe…
