New measures to punish Iran, Venezuela, and Russia could raise crude prices and hurt Biden in an election year. The Biden administration has been loath to unleash the oil weapon to bring misbehaving countries to heel, leery of spiking oil prices in an election year. But U.S. President Joe Biden’s hand may be forced, with lawmakers in Congress pushing fresh sanctions against countries such as Iran that could remove a big chunk of oil from an already finely balanced market.
Thanks - I see what you mean about the "finely balanced" oil market.
Its gotta be a conundrum for poor Joe, gotta kill oil at home which raises prices, and now gotta kill it abroad which raises prices LOL poor duffer.