The American investment bank Goldman Sachs predicted in a research note published Monday, that despite the end of the American exemption to ban the import of Iranian oil by May 1, this will have a limited impact on the movement of Brent crude from 70 to 75 dollars a barrel in the second quarter of 2019.

The United States yesterday canceled the exemptions granted to eight countries that were allowed to continue buying Iranian crude without facing sanctions, including: China, India, Japan, Turkey, Italy, Greece, South Korea and Taiwan.

And the impact of that, West Texas crude oil, jumped by less than 3%, touching the level of $ 65.98 a barrel during yesterday's trading after the US decision, and awaiting Saudi assurances of compensating the Iranian losses.

On Tuesday, oil trading witnessed a continuation of the bullish momentum, bringing the price of crude oil to 66.19 dollars a barrel, and Brent crude recorded its highest levels at 74.69 dollars a barrel.