3 Charts to Know: How Trump's Iran Decision Could Hit Oil

The video tutorial explores the impact of sanctions on Iranian oil prices, highlighting key data from Bloomberg Terminal charts. It examines Iranian oil production and exports, noting significant changes post-2016 sanctions. The discussion extends to the geopolitical influence of Iranian oil, particularly in relation to Saudi Arabia and potential US leverage over European and Asian countries. The tutorial concludes with an analysis of OPEC's oil output, emphasizing the significance of Saudi Arabia, Iraq, and Iran, and the potential implications of US policy decisions on Iran's nuclear trade agreement.

What was the approximate output of Iranian oil when sanctions were lifted in early 2016?

• 2.5 million barrels a day

• 3.8 million barrels a day

• 4.2 million barrels a day

• 5.0 million barrels a day

In 2016, how did Iranian oil exports compare to production?

• Exports were equal to production

• Exports were about half of production

• Exports were negligible

• Exports were higher than production

Which country is almost neck and neck with Iran in terms of oil production according to the chart?

• Saudi Arabia

• Iraq

• Russia

• United States

What percentage of OPEC oil output is contributed by Saudi Arabia?

• 20.5%

• 35.7%

• 25.6%

• 30.6%

What is the significance of the US not taking in Iranian oil for the past four decades?

• It shows a long-standing political stance

• It highlights a trade agreement

• It indicates a lack of demand for Iranian oil

• It suggests a recent policy change