US to ease Russian oil sanctions as energy prices soar
Move by Treasury comes after escalating crisis in Gulf sends Brent above $100 again
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US to temporarily allow countries to buy Russian oil stranded at sea
Decision by Treasury comes after Brent settled above $100 for first time since 2022 and a day after historic IEA release
Why China’s renminbi push matters even if it never rivals the dollar
If renminbi settlement becomes cheaper and more trade migrates, firms will have less need to generate or hold US currency
Oil pushes above $100 as Strait of Hormuz crisis intensifies
Brent settles in triple-digit territory for first time since 2022 as Iran’s new leader calls for vital waterway to ‘remain closed’
Fed to loosen capital requirements for big US banks
Wall Street cheers plans that would water down protections designed to avoid repeat of 2008 financial crisis
US intervention in oil futures would be ‘biblical disaster’, CME warns
Terry Duffy says any attempt by the government to lower prices using derivatives market would erode confidence