“Brent oil hit $80 a barrel this week – good neWs for exporters like Saudi Arabia and Russia but less so for importers such as India and especially those with big current account deficits, like Turkey. The loss of Iranian supply into an already tight market should keep prices elevated for now. There’s another barrier to consider: Donald Trump. The U.S. president has complained repeatedly about oil prices, demanding OPEC action to bring them down.