With Iran sanctions waivers set to expire in a few weeks, the Trump administration faces a difficult task. Oil prices are once again on the rise, just as they were six months ago ahead of the original sanctions deadline. Back in October, the Trump administration buckled under the pressure of high oil prices – Brent was trading in the mid-$80s – and issued a series of waivers to eight countries, allowing them to continue to import oil from Iran. After oil prices crashed, there appeared to be more room and more time for the U.S. government to tighten the screws. But with the May deadline fast approaching, the oil market is tightening again, a rerun for Trump officials who had hoped to get Iran’s oil exports to zero. The Trump team has made their job on Iran a lot harder because of their bellicose approach to Venezuela. The attempt […]