Iranian Oil Faces Scrutiny Amid Israel-Hamas Conflict

The United States is actively discussing the possibility of introducing new sanctions against Iran. The deadly violence between Israel and Palestinian militant group Hamas is putting Iranian oil under the microscope. Since the escalation of the Palestinian-Israeli conflict, representatives of the U.S. Republican Party have been putting pressure on the current American administration, calling on it to tighten sanctions against Iran. Iranian oil has come under particular scrutiny. Republicans emphasize that Iranian oil exports have increased from 1.2 million barrels per day earlier this year to 1.6 million barrels in September. Key Republican politicians – President Donald Trump, former Speaker of the House…