$/BBL, attributed to the US backing out of the Iran Nuclear Deal and announcing new rounds of sanctions on Iran, combined with the global oil market that tightened after OPEC’s continual pursuit of its

exchange fluctuations and causing to slower sales to the countries that have suffered the most such as India, Pakistan, Iran, Indonesia, and many more. However, the Company continues to expand the

oil price is further backed by concerns over supply after the replacement of the US Secretary of State, creating tension that the US may revisit its sanction policy on Iran with respect to the country’s

, with pressure from the OPEC and Non-OPEC countries led by Russia which jointly agreed to lower production, and additionally by the effects of the new US sanctions on Iran, which obligated Iran to lower

Iran nuclear agreement they had with various global super powers i.e. the United Kingdom, Russia, France, Germany, and China; at the same time announcing trade sanctions on Iran, this factor alone would

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emphasize on repeating the success of Carabao energy drinks in other countries and expanding the international business base by tapping into new export markets, for example, Singapore, Iran, Papua New Guinea

tighten further. After the US government canceled the waiver of Iran export sanction in May 2019, leaving Iran vowing to retaliate by force, to prevent the use of the Strait of Hormuz for oil exports

production reduction period by 9 months to the end of December 2018. The market received pressure from the tension in the Middle East due to the conflict between Saudi Arabia and Iran over concerns of war in