Ambrose Evans-Pritchard: 'Mr Trump has taken the biggest economic gamble of his presidency. He has set in motion a potential oil crunch. The Chavistas and Ayatollahs may yet get the last laugh.'
Donald Trump’s double strangulation of Iran and Venezuela is reducing spare capacity in the global oil markets to wafer-thin levels very fast. If anything goes wrong in the geopolitical cauldron of world energy over the next six months, we will discover whether Saudi Arabia really is capable of cranking up an extra 2m barrels a day of crude.
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