Oil drops to around $83 on expectations Iran will maintain some exports | Reuters:
Oil dropped to around $83 a barrel on Monday, pressured by expectations that some Iranian oil exports will keep flowing after the U.S. reimposes sanctions, easing a strain on supplies.
Two companies in India, a big buyer of Iranian oil, have ordered barrels in November, India’s oil minister said on Monday.
The Trump administration is considering waivers on sanctions, a U.S. government official said on Friday.
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