CNBC | Why oil prices are plunging despite US sanctions on Iran's energy sector MarketWatch The oil market has had nearly six months to assess the possible effect of U.S. sanctions on Iranian oil exports. Surprisingly, the prospect of significantly tighter global supplies has resulted in lower prices. President Donald Trump announced on May 8 ... Trump will reportedly allow India and South Korea to keep buying sanctioned Iranian oil The Clock Is Ticking: How Much Oil Will Iran Lose? Oil Falls to Two-Month Low as US Supply Surge Allays Iran Fear |