US lifts sanctions on some Iranian oil as energy prices soar
The treasury secretary says the move will quickly bring about 140m barrels of oil to global markets.
Tag Archives: Business news
US considers lifting sanctions on some Iranian oil
Treasury Secretary Scott Bessent broached waiving sanctions on oil already at sea, which would be a stunning reversal of longstanding American policy.
Faisal Islam: Iran war is having an astonishing effect on the UK economy
The knock-on effects of the war in the Gulf go beyond a hold on interest rates and are set to reverberate for months.