US Oil Companies To Make Billions Out Of Tougher Sanctions On Iran | WHAT REALLY HAPPENED


US Oil Companies To Make Billions Out Of Tougher Sanctions On Iran

The market value of US drilling companies has increased by billions of dollars, after Washington announced that it will not renew sanctions waivers granted to eight countries allowing them to import oil from Iran. The companies, which are concentrated in states such as Texas, Oklahoma and California, look like being the main winners from tougher US sanctions on Iran, Bloomberg has reported .

The US decision has also increased the profits of US energy companies that are among the biggest beneficiaries of sanctions aimed at crippling Iran and pushing it to the negotiating table.

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