OIL MKT DRIVERS: Strong Sanctions on Iran; Pompeo on Russia

By Alex Longley

(Bloomberg) —┬áSummary of what’s shaping the oil market on Thursday: U.S. Treasury Secretary Steve Mnuchin says “very strong” sanctions could return on Iran. Softer U.S. policy toward Russia is now over, Mike Pompeo, CIA director and secretary of state nominee, will say Thursday, according to prepared remarks. OPEC monthly report due.

MIDEAST TENSIONS:

  • Mnuchin signals ‘very strong’ sanctions on Iran could return
  • READ: Real war seen roiling oil more than trade war or U.S. crude boom
  • Trump says attack on Syria ‘could be very soon’ or not soon at all
  • Trump weighs strike options on Syria as allies rally over attack
  • Saudis shot down missiles, drones Wednesday as Middle East tensions flare
  • Geopolitical premium has re-emerged in oil price: Barkindo

HEADLINES:

  • Pompeo will say softer U.S. policy toward Russia is ‘now over’
  • OPEC monthly report due 12:10pm London time

To contact the reporter on this story:
Alex Longley in London at alongley@bloomberg.net

To contact the editors responsible for this story:
Alaric Nightingale at anightingal1@bloomberg.net
Rachel Graham, John Deane