The Wall Street Journal | Biman Mukherji: About 60 days from the expiration of oil-export sanctions involving Iran, Fitch Solutions thinks �Trump will opt to renew waivers while cosmetically reducing the number and volume of exemptions granted.

This allows him a rhetorical win without meaningfully impacting on supply or prices.� That is important because ultimately, zero exports from Iran �comes secondary� to the White House�s �desire to maintain adequate supplies to avoid a run-up in prices.� Oil futures remain up about 0.5% in midday Asian trading.

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