A shakeup in President Donald Trump’s foreign policy team casts a long shadow over the future of the Iran nuclear deal, but is bullish news for oil prices.
In just two weeks, President Trump reshuffled his national security team, firing National Security Advisor H.R. McMasters and Secretary of State Rex Tillerson and bringing on President Bush’s Ambassador to the United Nations John Bolton and CIA Director and former Congressman Mike Pompeo.
The latest upheavals shift U.S. foreign policy in a hawkish direction, departing from the policies of the Obama administration and injecting greater uncertainty into America’s relationship with the outside world, causing oil prices to increase.
