Natural Gas and Oil Forecast: Sanctions to Impact Russian and Iranian Supply
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Sanctions are expected to tighten the supply of natural gas and oil from Russia and Iran, leading to a volatile energy market outlook for 2025.
January 07, 2025 | 7:30 am
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The tightening of Russian and Iranian oil supply due to sanctions could impact the United States Brent Oil Fund (BNO), as it may lead to increased volatility and potential price changes in the oil market.
BNO, which tracks the price of Brent crude oil, could be affected by the reduced supply from major producers like Russia and Iran. This supply constraint may lead to increased oil prices, benefiting BNO in the short term.
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