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Oil Prices Soar After Trump Threatens Sanctions On Iranian Crude Buyers: Is China On Top Of The List?

Benzinga LogoBenzinga1d ago

Oil Prices Soar After Trump Threatens Sanctions On Iranian Crude Buyers: Is China On Top Of The List? - Benzinga

Quick Summary:

Oil prices jumped sharply Thursday after President Donald Trump took to Truth Social, telling all nations to cease purchases of Iranian oil and petrochemicals, or violators will face sweeping U.S.secondary sanctions.

While the declaration has yet to be backed by an official White House press release or executive order, energy markets wasted no time reacting.

"Any Country or person who buys ANY AMOUNT of OIL or PETROCHEMICALS from Iran will be subject to, immediately, Secondary Sanctions.

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Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 19:57:07 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 489 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28312885

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 19 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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