Trump Sanctions on Iran Kicks In Today : Oil Price Up

Oil is a commodity that is highly dependent on Geopolitics. And if there is rift between US and any major oil producer then oil always goes up.

We all know that Trump has cancelled nuclear deal with Iran. The economic sanctions have started kicking in today and they will be fully in place by year end.

And here is what trump has tweeted

This is very tough stand he has taken. I am sure it will not be easy for market to ignore it.

Expect more gain in oil prices as we come close to end of the year.