A month from now, waivers which have allowed Iran's biggest crude oil and condensate buyers to keep buying Iranian oil are set to expire.
Analysts fully expect the administration to extend the waivers, but fissures have emerged within the administration, arguing that the US cannot drive Iranian exports to zero with waivers in place.
Is maximum pressure possible with waivers still in place? Is US policy on Iran effective if the administration continues to allow China, India and other to continue to buy Iranian crude? Will extending the waivers further strain relations with the Saudis? How much are oil prices weighing on this decision?
On this week's Platts Capitol Crude podcast, Behnam Ben Taleblu, a senior fellow with the Foundation for Defense of Democracies, walks us through these questions and more.