Oil prices were down Monday morning on reports that the United States could issue waivers for countries to continue importing Iranian crude. Brent prices were down more than 50 cents in mid-day trading, trading at $83.60 a barrel while WTI held steady at $74.02, down 32 cents. This comes amid reports that the Trump administration will not completely cut off Iranian oil exports on Nov. 4 — there will be a transition period. “The U.S. appears to be abandoning its tough stance on buyers of Iranian oil,” analysts at Commerzbank said. “It appears that consumer countries are to be given more time, after all, to replace their oil shipments from Iran so long as they at least […]