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Trump's oil policy tightrope

President Trump and Vice President Pence
President Trump speaking at the White House during a meeting. Photo: Andrew Harrer-Pool/Getty Images

President Trump is in a tight spot as he tries to pressure Iran with revived sanctions while avoiding political blowback for Republicans, and himself, from higher energy prices that hit businesses and consumers.

The big picture: There are simply too many variables to say with any certainty where oil prices — which are at their highest levels since late 2014 — will go moving forward. But Trump’s hawkish posture could bring domestic economic ripples.