U.S. oil prices surpass $80 a barrel, raising concerns for the Federal Reserve and the White House, with pump prices expected to reach $4 a gallon, driven by various supply issues and geopolitical tensions.
(Bloomberg) The Biden administration wants to tighten the screws on Iran’s oil sales to neutralize its support for militants in the Middle East. But squeezing too hard risks inflicting higher prices on both a sluggish global economy and President Joe Biden’s looming election rematch with Donald Trump.Most Read from BloombergA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaUkraine’s Army Chief Replaced After Rift With ZelenskiyEpstein Contacted Staley for Years at Barclays Using Go-
US Bid to Curb Iranian Oil Bedeviled by Economic, Election Risks bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) The Biden administration wants to tighten the screws on Iran’s oil sales to neutralize its support for militants in the Middle East. But squeezing too hard risks inflicting higher prices on both a sluggish global economy and President Joe Biden’s looming election rematch with Donald Trump.Most Read from BloombergGermany’s Days as an Industrial Superpower Are Coming to an EndBiden’s Attempt to Address Memory Issue Backfires With New GaffeBezos Sells $2 Billion of Amazon Shares in F