🇺🇸🇷🇺🇮🇷 U.S. CRUDE OIL JUST DROPPED NEARLY $6 A BARREL IN A MATTER OF HOURS
Oil traders have two big developments to digest.
Trump has waived new sanctions targeting Russia's energy trade, potentially allowing more Russian crude to reach international buyers without additional American penalties.
At the same time, diplomatic efforts involving Washington and Tehran are continuing, raising the possibility of an eventual agreement that could ease pressure on oil shipments through the Strait of Hormuz.
But there's a catch.
No U.S.–Iran breakthrough has been confirmed, and the Middle East remains dangerously unstable.
Washington is trying to take some pressure off global energy supplies. Whether diplomacy can do the rest is another matter entirely.
Writer: Oliver
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