Oil-price worries to Trump pressure on Iran

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.

Read more here