Trump, Russia and oil

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Trump administration takes steps to ease sanction on Russian oil
The U.S. Treasury Department announced Thursday it was taking steps to further ease sanctions on Russian oil as crude prices surge during the Iran war. The agency said that it was granting a license that authorizes the delivery and sale of some sanctioned Russia crude oil and petroleum products for the next

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Trump administration temporarily lifting sanctions on Russian oil stranded at sea in boost for Kremlin
Trump administration allows purchase of Russian oil already at sea
Trump: US benefits from high oil prices, but priority is stopping Iran
U.S. ​President Donald ‌Trump said ​on ​Thursday that rising ⁠oil ​prices ​mean greater profits for ​the ​United States, but ‌his ⁠priority is stopping ​Iran ​from ⁠having nuclear ​weapons.

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International Energy Agency to release record oil reserves to calm markets
IEA head says oil reserve release had 'strong impact' on markets
Airline hedging strategies fall short as jet fuel price surges
In Europe, where hedging is common, a sustained 10% increase in jet ​fuel prices could hit budget airline Wizz Air's (WIZZ.L) operating profit by as much as 31% this year, according to J.P. Morgan, wi...

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Iran war: Why oil prices are rising again despite record reserve release | Ed Conway analysis
Iran's new supreme leader vows to keep Hormuz shut, Netanyahu issues threat

Oil heads for weekly gains despite US sanctions waiver on Russian oil

By Jeslyn Lerh and Sam Li SINGAPORE, March 13 (Reuters) - Oil prices headed for weekly gains as of Friday, despite the U.S. trying to ease supply concerns by issuing a 30-day license for countries to buy Russian oil and petroleum products stranded at sea.

Prediction: Global Demand for This Oil Stock May Be Poised to Climb

For years, Warren Buffett has continued to pile into one popular U.S.-based oil stock. That oil stock now comprises roughly 4% of Berkshire Hathaway's entire publicly traded portfolio. Now that oil prices are surging,

Oil prices are falling — gas prices aren't. Here's why.

Even if oil prices ease, they won't return to the levels they were at before the war started, according to Patrick De Haan of GasBuddy.

Social Security 2027 cost-of-living adjustment forecast may rise with high oil prices

The Social Security cost-of-living adjustment for 2027 may be 1.7% to 2.8%, according to new estimates. But that could increase if inflation climbs higher.

Oil prices surge as Iran escalates tanker attacks, shares fall

By Lawrence Delevingne and Niket Nishant BOSTON/LONDON, March 12 (Reuters) - Global shares fell on Thursday as attacks on oil tankers in the Gulf and warnings from Iran shattered prospects of quick de-escalation in the Middle East conflict,

Drop in oil prices slows after Hegseth warns of 'intense' strikes

A drop in oil prices slowed after Defense Secretary Pete Hegseth warned the day would be America's "most intense day of strikes inside Iran."

Live Updates: Iran war paralyzes oil trade, U.S. military plane crashes in Iraq

Iran's relentless attacks on Gulf states and infrastructure appear to be overshadowing interventions by the U.S. and its allies aimed at easing energy prices.

Royal Caribbean Plunges 6% as Oil Shock Torpedoes Cruise Stocks

The cruise sector is getting hit hard today. Royal Caribbean Cruises (NYSE:RCL) is leading the damage among the major operators, with RCL stock falling 6% to less than $270 as of midday Thursday. It is the latest blow in a sector-wide selloff that has been grinding shares lower all week.

Trump and Iran strike defiant tone as oil markets see little relief

President Donald Trump and Iran’s new supreme leader both struck defiant tones on the 13th day of the war, offering little relief to energy markets despite fresh US efforts to curb oil prices.