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The White House said today in a statement that President Donald Trump will not renew Iran sanction waivers with intentions to bring Iran’s oil exports to zero. The statement said that the U.S., along with Saudi Arabia and the United Arab Emirates will ensure that oil markets are adequately supplied. Oil prices rose to $73.87 a barrel on Sunday and Monday with reports that the waivers will not be extended.

Trump Will Not Renew Iran Sanction Waivers

The White House said today in a statement that President Donald Trump will not renew Iran sanction waivers with intentions to bring Iran’s oil exports to zero. The statement said that the U.S., along with Saudi Arabia and the United Arab Emirates will ensure that oil markets are adequately supplied.

Oil prices rose to $73.87 a barrel on Sunday and Monday with reports that the waivers will not be extended.

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