The Presidential Daily Brief


  1. pipelineshutterstock 569935225

    Oil Prices Jump After Trump Ends Iran Waivers

    For the first time in six months, the global benchmark broke $74 per barrel following the Trump administration’s announcement yesterday that it would end temporary waivers for countries to import oil from Iran. The measure was aimed at allowing those countries — including China, Turkey, Japan and South Korea — to wean themselves off Iranian crude without falling afoul of renewed American sanctions against Tehran.

    What’s the long-term outlook? The U.S. attempt to further isolate Iran could lead to more uncertainty in an oil market already affected by precarious political circumstances in Venezuela, Libya and Nigeria.

This story is part of The Presidential Daily Brief

view full edition