The oil market continues to trade in wide ranges, and it remains extremely sensitive to Iran-related headlines amid current supply disruptions. ICE Brent traded almost in a $6/bbl range yesterday. Prices whipsawed after more aggressive rhetoric from President Trump coming into this week, followed by reports that the US offered a temporary sanction waiver on Iranian oil until an agreement between the US and Iran is reached. The US has not confirmed these reports. Meanwhile, Trump said he held off on strikes on Iran, scheduled for today, after pressure from a number of Gulf countries, with “serious negotiations” now ... (full story)