Iran-US-Israel War Live Updates: Brent crude inched further above $100 a barrel and stocks fell in early Asian trade on Friday (March 13), after Iran vowed to attack oil resources in the Middle East and keep choking the Strait of Hormuz.
Iran-US-Israel War Live Updates: The United States is temporarily allowing the sale of Russian oil that is at sea, the Treasury Department said, as energy prices soared after US-Israeli strikes on Iran plunged the Middle East into war. The move marked a momentary easing of economic sanctions against Russia, which has been targeted over its invasion of Ukraine.On March 12, the Treasury issued a license authorising the delivery and sale of Russian crude oil and petroleum products that have been loaded on vessels on or before 12:01 am Eastern Time on March 12, through 12:01 am on April 11.
The move came after Washington last week temporarily allowed Russian oil that was stranded at sea to be sold to India.
Also, Brent crude inched further above $100 a barrel and stocks fell in early Asian trade on Friday (March 13), after Iran vowed to attack oil resources in the Middle East and keep choking the Strait of Hormuz.
