Oil price spike or ignore Trump: China and India's big decision

The Iranian issue is just one of several US foreign policy decisions that are reaching across the oil market with the potential to upend crude flows

How do you solve a problem like US foreign policy? It’s a question two of the world’s largest oil consumers will have to wrestle with over the next four months -- and their answers will define the global trade in oil.

China and India, who together imported about 1.4 million barrels a day of Iranian crude over the past 3 months, will soon have to decide whether they want to snub the US government’s desire to bring Iranian oil exports to zero, or run the risk of an ever-escalating crude import bill. It’s a story that’s complicated by the emergence