EU-Iran Oil Sanctions Risk OPEC Export Losses

EU-Iran Oil Sanctions Risk OPEC Export Losses Play

July 2 (Bloomberg) -- Bloomberg's Alix Steel reports that pressure on oil prices is mounting as European Union sanctions on Iran entered into full force yesterday after exemptions on some contracts and insurance ended. The sanctions could cause the biggest export loss for OPEC since the Libyan shutdown in 2011. She speaks on Bloomberg Television's "In The Loop."

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