How Trump’s pullout from the nuclear deal will affect Iran’s energy industry
Opinions about the consequences of the U.S. pulling out of the Iran nuclear deal began flying around as soon as President Donald Trump announced the exit.
Many of the key points that pundits have made about Washington turning its back on the Joint Comprehensive Plan of Action have dealt with oil. That’s because the U.S. is likely to sanction Iranian oil exports again, as it did during the Obama administration.
Here are several short-term and long-term consequences of the U.S. about-face on the Iran deal:
Short-term consequences