News ID: 1645
Date: Tuesday 6 August 2024 - 21:41

Trump’s return; A new nightmare for Iran’s oil and gas industry

Trump’s return; A new nightmare for Iran’s oil and gas industry
The decrease in Iran's oil exports from more than 2 million barrels to 1 million barrels per day and the drop in the price of 19 dollars, the nascent government of the doctors will face a serious challenge of funding.

According to the exclusive report of Energy Press, Trump’s victory in the United States will definitely bring about changes in the country’s energy policies, which can have wide-ranging effects on the global energy markets, especially oil-producing countries in the Middle East.

Donald Trump’s victory has been in the focus of analysts’ attention as a serious scenario, and they call it a political storm, especially for Iran.
A challenge that can befall the medical government at the very beginning.
The effect of Trump’s tariff policy and the oil price reduction scenario
Trump is a strong supporter of using fossil fuels versus green energy, and this could lead to increased support for domestic production to produce more oil and gas in the United States.
This can not only affect the global price of oil, but may also challenge the strategies of major oil-producing countries such as Saudi Arabia, the United Arab Emirates, and Iran.
Donald Trump has pledged to increase domestic oil production in the United States and to do so, he will lift some regulations.
On the other hand, new reports from reliable institutions show that the arrival of Trump and his new tariff policies on imports can lead to a decrease in demand for oil.
Forecasts indicate that this reduction in demand that Trump has promised can reduce the price of oil between 11 and 19 dollars per barrel in 2025.
US-China trade war
But the story does not end here, due to the possibility of imposing tariffs, the trade war between America and China may flare up.
China, in response to these tariffs, may ban energy imports from the United States and turn to alternative countries, including Iran and Russia.
This issue can lead to a decrease in the price of oil and gas in the world markets and make the situation more difficult for countries like Iran.

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