Sanctions against Iran could contribute to a “nasty gap” in the market at year-end, with oil prices potentially reaching $100/b, but probably not for a prolonged period, Standard Chartered bank’s head of commodities research, Paul Horsnell, said Thursday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Speaking to S&P Global Platts on the sidelines of an event in London, Horsnell said the reinstatement of US sanctions in November was likely to cut Iran’s oil production by around 1.4 million b/d by year-end. He said India looked unlikely to import any Iranian oil in November or December given it has not been granted a sanctions waiver, unlike under the last US administration, and in any case time was running out for orders to be […]