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US eases Russia oil sanctions as Iran war pushes up energy prices
US Treasury Secretary Scott Bessent said it was a temporary measure that will last until 11 April.
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To overcome the looming oil crisis, policymakers should look to energy initiatives of the 1970s.
US Treasury Secretary Scott Bessent said it was a temporary measure that will last until 11 April.
The nearly two-week-long war in the Middle East has created the “largest supply disruption” in the history of global oil markets, the International Energy Agency said, as production from Gulf countries has been slashed and exports through the Strait of Hormuz have been halted. The Paris-based organization made the stark assessment in its closely watched…
On Monday, President Trump stated that the war with Iran was “very complete, pretty much.” However, since then, the Iranians...