Iran has abandoned the use of intermediaries to sell its oil following a number of IRGC officials being killed, WSJ reports citing IRNA
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Newsquawk Daily Economic Releases - 16th April 2026
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Iran has abandoned the use of intermediaries to sell its oil following a number of IRGC officials being killed, WSJ reports citing IRNA
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Context
Iran's decision to eliminate intermediaries in its oil sales indicates a shift toward direct transactions, likely to enhance control and security amid escalating tensions following the killings of IRGC officials. This move could impact global oil supply dynamics, potentially leading to increased volatility in crude prices, particularly WTI, as market participants adjust for risks associated with this development. Traders should monitor how this affects not only Iranian oil exports but also broader geopolitical tensions in the region.
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