Trump Administration Unlocks Stranded Russian Oil to Battle Price Surge
Oil Markets Reel from Middle East Disruptions (Image Credits: Unsplash) Washington – The United States issued a temporary license on Thursday permitting countries worldwide to buy Russian crude oil and petroleum products already loaded onto vessels and floating at sea, amid a sharp escalation in global energy costs. Oil Markets Reel from Middle East Disruptions Brent crude prices surged past $100 a barrel this week, the highest in nearly four years, following U.S. and Israeli strikes on Iran that triggered widespread shipping halts.[1][2] The Strait of Hormuz, through which 20 percent of the world’s oil flows, saw commercial traffic grind … Read more









