President Donald Trump’s threat of sanctions against buyers of Iranian crude risks being batted back by some adversaries.
Some of Iran’s biggest customers will probably oppose U.S. sanctions, according to MUFG Bank. Shipments to top buyer China are seen staying the same, given being initially blacklisted didn’t stop its imports the last time restrictions were in place.
Refiners in India, another major consumer of the Islamic Republic’s supply, say they can continue making payments for purchases as long as the European Union doesn’t impose curbs.
Trump pulling the U.S. out of the deal with OPEC’s third-biggest producer had been ...
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