US to enforce oil sanctions on Iran, will reduce Iranian oil exports | Forexlive

ICYMI, President Joe Biden’s energy security adviser Amos Hochstein spoke with Bloomberg News on Wednesday, saying that the US will enforce oil sanctions against Iran amid the renewed conflict in the Middle East, and that will bring down Iran oil exports:

• sanctions amounted to more than 1 million barrels a day of oil exports from Iran
• “Those numbers will come down”

Noting this even though oil prices continue to dribble down: