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Listen: Iran sanctions: Impact on oil prices and future global supply (Part 1)

On today's S&P Global Platts Capitol Crude, we're talking about the impact of Iran sanctions on oil prices and future global supply. Richard Nephew, a senior research scholar at the Center on Global Energy Policy at Columbia University, talks about how Iran may mitigate the price impact of re-imposed oil sanctions, why there may not be enough spare capacity to cover the loss of Iranian crude from the global market and whether the Trump administration really will end up granting waivers for China, India and other countries to continue importing Iran crude into 2019.

Nephew was the principal deputy coordinator for sanctions policy at the US State Department during the Obama administration and is the author of the book "The Art of Sanctions: A View from the Field."

Part 2: Iran sanctions: Allies, trading partners likely to evade US sanctions