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Trump Says ‘Fragile’ Oil Market Behind Decision on Iran Waivers

  • President says he doesn’t want to drive oil past $100/barrel
  • Concern about prices could constrain U.S. on future waivers
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Trump faces rebellion over Iran

President Donald Trump said the “fragile” global oil market was a key reason his administration decided to extend waivers this week to eight countries allowing them to continue importing Iranian oil in violation of new U.S. sanctions.

“I don’t want to drive oil prices up to $100 a barrel or $150 a barrel,” Trump said during a news conference at the White House on Wednesday. “You have a monopoly called OPEC and I don’t like -- wait -- I don’t like that monopoly, I don’t like it.”