The oil sector is contemplating the effect of US/Iran tensions this morning and the possibility that Trump will 'snap back' the provisions of the oil embargo. Trump always said he hated the Iran deal and supports US oil and gas companies so would like a higher POO. Currently oil sales from Iran are a major offset to the gains of OPEC compliance with production cuts. POO at USD$60 if the embargo on Iran is reimposed. That would increase Horizon's revenue to USD$30 million plus very quickly. Brent linked LNG prices would also increase accelerating our commercialisation progress in PNG. The impact on the SP of a collapse of the Iran deal would be significant, certainly well into the 7 cps range and beyond.
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