April 15, 2019

U.S. Risks Roiling Oil Markets in Trying to Tighten Sanctions

Featuring John Hughes

Source: The New York Times

Journalists Edward Wong, Clifford Krauss

The Trump administration has reached a critical juncture in its efforts to tighten United States oil sanctions against Iran and Venezuela.

By pressuring China and India to end or sharply reduce oil purchases from Iran and Venezuela, American officials are seeking to cut off a key economic lifeline for what the administration considers to be two rogue nations that threaten the stability of the Middle East and Latin America.

But they must do that without roiling global markets, further straining relations with China and India or raising gasoline prices in the United States.

Read the full article and more in The New York Times.

  • John Hughes

    Adjunct Fellow, Energy, Economics, & Security Program

    John Hughes is a Senior Adjunct Fellow in the Energy, Economics, and Security program at the Center for a New American Security. He is also a Vice President at Albright Stoneb...