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HKS Authors

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Abstract

Oil markets have so far reacted to President Donald Trump’s decision to withdraw from the 2015 Iran nuclear deal without either enthusiasm or panic — without even much apparent interest. There are many good reasons for this, but also many reasons to think oil markets’ complacency could change. Fortunately, the Obama-era sanctions that Trump has moved to reimpose have some lesser-known safety valves should oil markets later overheat as a result of the Iran decision.

Citation

O'Sullivan, Meghan. "Trump Has Options If Oil Market Panics About Iran." Bloomberg Opinion, May 10, 2018.