2min chapter

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Kharkiv Under Siege Yet Russian Oil Still Flows | Jacob Shapiro

Forward Guidance

CHAPTER

The Trade-Off Between Sanctions and Energy Security

The Islamic Revolutionary Guard Corps, or IRGC, has been designated by the US as a terrorist group. If you escalate any more than you are right now, "you're starting to risk energy supply and energy security," he says. But if you're calling for those types of sanctions, get ready for $200 barrel oil,. You can't blink when it goes 200 or 300. That's the sort of trade off we're talking about if that's where they want to go with sanctions.

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