Financial Times | Trump Iran sanctions just gave Saudi Arabia and Russia more clout in the oil market, so watch for higher prices CNBC Brent, the international benchmark crude, was up 3 percent Wednesday, on Trump's sanctions announcement and as new weekly government data showed U.S. oil inventories dropping amid extremely strong demand for gasoline from American drivers. The Iran ... Saudi Arabia will not act alone to plug Iran oil gap Who Was Buying Iranian Oil And What Happens Next? Forget Iran. The Real Oil Action Is in China |