US sanctions against Iranian oil buyers go back into force in early November, and the Treasury Department has instructed countries to make significant cuts to their imports in the next six months to be considered for potential sanctions relief. But much is unknown about how the Trump administration will review those requests, especially at a time of rising oil prices going into the peak summer driving season in the US.
Elizabeth Rosenberg, director of the energy program at Centerfor a New American Security and a former senior sanctions adviser at the Treasury Department, talks with Meghan Gordon to sort out those uncertainties.
Related Global Oil Markets Podcast: Implications of US sanctions on Iran for Asian oil buyers
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