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US President Donald Trump’s decision to reintroduce sanctions on Iran have thrown a curveball into Middle East relations, with many expecting this to have continued ripples throughout the world and region. The immediate aftermath has seen tensions between Israel and Iran rise in Syria, already leading to one military clash. With the tensions rising in the Middle East, there is no doubt that the market focus will rest on the price of oil, given Iran is the third-largest oil producer in the Organisation of Petroleum Exporting Countries (OPEC). Current crude exports from Iran are around 2.6 million barrels per day; over one million barrels higher than the 1.5 million exported under the sanctions imposed by Barack Obama in 2012.