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The Treasury Department's authorization of the sale of Iranian crude already at sea is likely to provide revenue for Iran's war effort against the U.S.
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Oil prices settled higher Friday, with global benchmark Brent crude posting a fifth straight weekly gain, after the Pentagon said it is sending more troops and warships to the Middle East.
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Why the US wants to protect Iran's oil and gas VoxExclusive: Qatar's energy boss says he had warned of dangers of provoking Iran ReutersTrump's Complaint About Israeli Strike on Gas Field Exposes Divergent Strategies The New York TimesIran hits Gulf energy sites, escalating war, as U.S. mulls sanctions rollback The Washington Post
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Live Updates: Trump calls NATO allies "cowards" amid Iran war as more Marines and warships head toward Middle East CBS NewsLive updates: Oil rises to $110 as Israel strikes Iran during Persian new year CNN‘Cowards': Trump slams NATO over lack of support in US-Israel war on Iran Al JazeeraSeven U.S. a
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The pressure on Trump to deescalate in the Middle East is building. Markets need to be convinced oil is back below $100 forgood before they can rally concertedly.
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Oil Prices Today: After Spiking to $119, How Much Higher Can They Go? Barron'sExclusive | Saudi Arabia Sees a Spike to $180 Oil if Energy Shock Persists Past April WSJOil prices top $112 after Iraq declares force majeure, Kuwait refineries attacked CNBCHow High Will Oil Prices Go? Global Markets Brace for More Bad News. The New York Times
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US lifts sanctions on Iranian oil at sea in bid to ease supply pressures The GuardianLive updates: US removes sanctions on 140 million barrels of Iranian oil CNNUS Issues 30-day sanctions waiver for sale of Iranian oil at sea ReutersTrump administration temporarily lifts sanctions on Iranian oil at sea amid soaring prices CBS News
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Prices are up 21% from a month ago with the oil market roiled by the U.S.-Iran war.
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