Stocks Fall As Iran War Keeps Oil Just Above $100, Upends Rate Outlook
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 were mixed and oil ticked back up to $100 a barrel after earlier dips in the session as investors braced for a possibly prolonged war in Iran and the White House announced a temporary lift on Russian energy sanctions.
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.
President Donald Trump's administration temporarily lifted sanctions against Russian oil that is already at sea on Thursday in an effort to ease the oil price crisis caused by the recent war in Iran, according to a new report. The New York Times reported that the new exemptions will be in place until April 11. The U.S. initially placed sanctions on Russian…
At least one Republican senator is criticizing the Trump administration’s moves to lift restrictions on Russian oil amid a gasoline price hike spurred by the conflict in Iran. Sen. Chuck Grassley (Iowa) wrote in a post on the social platform X, “Temporarily removing sanctions 4 Russian oil is [the] wrong move.” He added that money…
European leaders presented a united front in criticizing the U.S. decision to ease sanctions on Russian oil to lessen the impact of the Iran war on global energy markets. European leaders have been divided on the U.S.-Israeli war with Iran but are united in their desire to continue a maximum pressure campaign against Russia over…
Much-maligned Russian ‘shadow fleet’ comes for the save. The post As Crude Prices Surge, US Lifts Sanctions on Russian Oil ‘Already at Sea’ appeared first on The Gateway Pundit.