Energy Daily

Removing Sanctions on Iran’s Crude Isn’t an Easy Fix for Oil Prices

The potential lifting of US restrictions points to the White House’s scattergun approach in trying to bring down prices at the pump.
A sign displays the prices of unleaded gasoline at a Chevron gas station in Palo Alto, California.Photographer: David Paul Morris/Bloomberg
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Welcome to our guide to the commodities driving the global economy. Today, reporter Rong Wei Neo takes a closer look at Washington’s latest idea about how to restrain surging oil prices.

Confronted with the reality that unprecedented disruption in the Persian Gulf leads to higher energy prices, the Trump administration is casting around for potential fixes.