The move would cool the market after attacks on Iran sent global crude prices soaring
Washington has eased sanctions on some volumes of Russian oil to help stabilize global energy markets following the Middle East escalation, US Treasury Secretary Scott Bessent said on Friday in an interview with Fox News. He added that the US is looking to take further steps to bring oil prices down.
The US and Israel launched joint air strikes on Iran last weekend, triggering retaliatory attacks targeting American military bases across the Middle East. The escalation has disrupted shipping through the Strait of Hormuz, a vital energy chokepoint through which…
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