The United States will likely grant fewer waivers to buyers of Iranian oil when they’re up for renewal in May, according to IHS Markit. The United States will likely grant fewer waivers to buyers of Iranian oil when they’re up for renewal in May. That’s according to Victor Shum, vice president of energy consulting at IHS Markit, who expressed the view in a television interview with CNBC on Thursday. “The waivers granted by the U.S. Trump administration to buyers of Iranian oil, they are going to be up for renewal and likely, in May, when they are up for renewal, the U.S. will grant fewer waivers and so Iranian crude production will be cut likely in the second quarter, and that is a bullish factor,” Shum told CNBC in the interview. Shum also stated in the interview that Saudi Arabia “have already started cutting production and cutting exports and […]