By CCN: The global energy market quaked on Monday after the Trump administration took aim at Iran, yanking lucrative sanctions exemptions with the explicit goal of bringing “Iran’s oil exports to zero.” As oil prices spike toward six-month highs, the stunning policy reversal has buoyed two key energy stocks in the Dow Jones Industrial Average. Trump Yanks Sanctions Exemptions from Iran’s Oil Customers The White House explained that it hoped to cripple the rogue Iranian regime by removing its “principal source of revenue.” Previously, the Obama and Trump administrations had given special exemptions to major Iranian customers such as China,
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