Oil Struggle Continues…

USA may now offer temporary oil and gas supplies to India on a short notice. Due to the waiver of sanctions on Irani oil (see article: Oil Heavier Than Boycott) the United States of America has agreed to cover the oil supply needed and prevent any shortages.

USA may offer concessions which are at terms with the original Iran deal. Negotiations between the two countries is still in process. It has also been said that the United Arab Emirates and Saudi Arabia have been asked to provide oil supply to all friendly countries.

What do you think? Will oil prices surge up due to this recent waiver of sanctions? Or will it remain the same? Comment down below…

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