Trump Lights a Fire Under Oil the Saudis Can't Douse - Bloomberg:
President Trump didn't disappoint. His lack of concern about the likely collateral damage from re-imposing sanctions on Iran meant that the latest curbs on the country's oil exports were always likely to be much tougher than the originals. The U.S. is pressing allies to completely halt their purchases of Iranian oil by the end of the wind-down period on Nov. 4. Rather than make waivers of sanctions more difficult to get -- the Obama administration required a 20 percent reduction in purchases every six months -- the Trump team has decided to ditch them altogether. This time, it's all or nothing. At least that's the narrative at the moment.
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