Oil prices moderated somewhat after the U.S. issued a 30-day license for countries to buy sanctioned Russian oil and petroleum products that were stranded at sea.
US stocks plummeted Thursday as oil prices hit $100 again and Iran’s new supreme leader vowed to keep the Strait of Hormuz blocked – meaning prices could stay higher for longer.
The International Energy Agency estimates global oil supply could fall by 8 million barrels a day this month.
On Wednesday, the New York Times published the preliminary findings of a US investigation into the recent airstrike on Shajarah Tayyebeh, an elementary school for girls in the Iranian city of Minab. The investigation confirmed what all public evidence had pointed to: that an American Tomahawk missile destroyed the school, killing roughly 175 people per…
