Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as soon as this week. But don’t expect the president to fully use his new powers any time soon. The measure was passed by the US House of Representatives over the weekend…
(Bloomberg) Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as soon as this week. But don’t expect the president to fully use his new powers any time soon.Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayRay Dalio’s Famous Trade Is Sputtering and Investors Are BailingStocks Climb as US Earnings Kick Into High Gear: Markets WrapTikTok to Remove Executive Tasked With Fending Off US ClaimsRussians Transform
Oil prices appear to have stabilized somewhat after tensions between Iran and Israel cooled, although there are still plenty of potential catalysts that could send prices climbing again.
Institutions and their investors are facing pressure from climate activists, cautiously awaiting interest rate cuts and adjusting to new Federal Reserve and FDIC policies.
Oil Market Sees Iran Sanctions Having Muted Export Impact gcaptain.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gcaptain.com Daily Mail and Mail on Sunday newspapers.