Investors believe Russia will copy Iran's backdoor tactics to dodge Trump's new oil sanctions
Wall Street isn't fooled. Investors believe Russia will beat Trump's new oil sanctions the same way Iran did; slowly, but quite effectively. The penalties slapped on Rosneft and Lukoil are serious. But nothing in oil trading ever stays blocked for long. Moscow has workarounds and plenty of patience. This week, Brent crude climbed nearly $5 [...]