Iran’s oil exports could fall by as much as two-thirds by the end of the year because of new U.S. sanctions, putting oil markets under huge strain amid supply outages elsewhere in the world. Washington initially planned to totally shut Iran out of global oil markets after President Donald Trump abandoned a deal that limited Iran’s nuclear ambitions, demanding all other countries to stop buying its crude by November. The United States has since somewhat eased its stance, saying that it may grant sanction waivers to some allies that are particularly reliant on Iranian supplies. But most analysts still think the sanctions will significantly reduce Iran’s crude oil exports with some of the worst […]