Trump’s Softer Line On Iran Could Tank Oil Prices

Trump is mulling easing sanctions on Iran as a way to increase the odds of a face-to-face meeting with Iranian President Hassan Rouhani. Oil prices briefly fell on Tuesday after President Trump fired national security adviser John Bolton. Prices then rebounded after the EIA reported another drawdown in oil inventories, adding to evidence of a short-term tightening up of the oil market. However, prices were back down on Wednesday after Bloomberg reported that part of the motivation behind Bolton’s ouster was a recent meeting in which Trump…