Oil analyst says Iran sanctions “will create market opportunities” for Saudi Arabia

Oil analyst says Iran sanctions “will create market opportunities” for Saudi Arabia
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As the oil price hits another three and a half year high after Donald Trump pulled the US out of the Iran nuclear deal, Sky’s Ian King speaks to Andy Critchlow, who is head of energy content for S&P Global Platts.

He says sanctions on Iran will “create market opportunities” for countries such as Saudi Arabia, and “any (oil) barrels lost out of Iran will go to Saudi Arabia.”

The two countries have been battling for footholds in markets such as Asia and China.

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