#global-crude-supply

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World news
fromFortune
1 day ago

Iran says Iraqi ships are allowed to use Strait of Hormuz | Fortune

Iraq is exempt from Iranian shipping restrictions in the Strait of Hormuz, potentially allowing 3 million barrels a day of oil exports.
Russo-Ukrainian War
fromBusiness Insider
3 weeks ago

The US is temporarily lifting sanctions on Russian oil, a key pressure point for the Kremlin's war chest

The US temporarily lifted sanctions on Russian oil until April 11 to address global crude supply shortages from Middle East conflicts, though Treasury officials claim the financial benefit to Russia will be minimal.
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