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Day 14 of Iran War: US Temporarily Eases Russian Oil Sanctions; Shipping Risks Mount
Israeli airstrikes have hit Tehran on the 14th day of the Iran war as Iran and its allies launch retaliatory attacks across Gulf states, sharply escalating tensions across the region and disrupting global energy markets.
Shipping through the Strait of Hormuz, a vital route linking the Gulf to the Gulf of Oman, remains severely disrupted.
On Friday, the US issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea. Oil prices eased following the announcement, though prices are...