Not only is Trump’s idea to lift sanctions on Iranian oil dumb, it also won’t really have any impact on oil prices. Essentially, we’re allowing Iran to sell oil, which could then be used to fund the war effort.Several energy analysts, including Brent Erickson, a managing principal at Obsidian Risk Advisors, have said the administration’s efforts to control prices would not have a meaningful impact until the Strait of Hormuz is opened to vessels. So essentially Trump is handing Iran a $14 billion payday and oil prices will still be through the roof. It is indeed dumb.