Highlights Administration working to ensure ‘well-supplied’ oil market SPR release may address OPEC supply concerns, elections worries Sources believe SPR action may be unprecedented Washington — US President Donald Trump said Wednesday he expects full compliance when sanctions on Iran’s oil customers go back into force on November 5, while administration officials indicated they are working to dull the impact on the global oil market. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Any individual or entity who fails to comply with these sanctions will face severe consequences,” Trump said Wednesday. But on Tuesday, a key State Department official indicated that the administration was concerned about the impact of sanctions on oil prices and was working to address it. “We will ensure prior to the re-imposition of our sanctions that we have a well-supplied oil market,” Brian Hook, head of the State Department’s Iran action […]