The price of oil is taking a dip in the last few days. The Iranian President last week let slip that a deal on sanctions had been reached with the US, although this was slapped down pretty quickly by other Iranian officials.

Iran’s top nuclear negotiator Abbas Araqchi said on Wednesday that some “key issues” needed to be discussed further.

And a senior Iranian official told the country’s Press TV that Washington had no intention to “completely lift any sanctions on the oil, banking, finance and energy sectors”.

Secretary of State Blinked was recently pressed on ABC News if sanctions were in the process of being lifted, and he dodged the question. This is despite his admission of Iran funding for Hamas terrorists in Gaza.

Lifting sanctions on Iran for basically nothing in return will not make President Biden any more popular. In fact many already believe that he has the spine of a warm butter stick.

Whether the administration is willing to admit it or not, the market thinks it is already in the works. From AMN News:

Oil prices rose slightly on Friday after three days of losses, driven higher by the looming storm in the Gulf of Mexico. Oil prices were, however, on track for a weekly fall as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress on a nuclear deal. Brent crude futures settled at $66.44 a barrel on Friday, while U.S. West Texas Intermediate was at $63.54 a barrel.

It really does look like this is the Obama policy being shoved back into place no matter what.