Oil Market Vulnerable to Price Spikes
In the Trump administration’s telling, its decision to cut off Iran’s oil exports in just over a week will have little impact on crude prices. There’s enough supply to meet global demand, officials say, and the administration’s Middle East allies will ride to the rescue if the world finds itself short of fuel. But outside the Oval Office, the outlook is not so rosy. Analysts say President Donald Trump’s hardline approach injects new risks into a fragile market besieged by ins