Trump Administration Weighs Sea Inspections Of Iranian Oil Tankers
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
U.S. Strategy on Iranian Oil: The Trump administration is considering a strategy to halt and inspect Iranian oil tankers at sea under an international agreement aimed at preventing the spread of weapons of mass destruction, which could disrupt crude deliveries and impact reputations in the oil trade.
Potential Economic Impact: Delays in oil deliveries may create uncertainty in illicit trade networks, while prolonged sanctions against Iran could lead to significant economic consequences, particularly for its oil exports to China.
Analyst Views on USO
Wall Street analysts forecast USO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 73.340
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
