“Stock futures inched lower early Friday and oil prices held above $100, despite U.S. efforts to boost global supplies by allowing countries to purchase sanctioned Russian crude already at sea,” the Wall Street Journal reports.
“There are about 124 million barrels of Russian oil at sea, according to industry executives, roughly equivalent to five or six days of the supply usually expected to flow out of the Strait of Hormuz.”
Washington Post: Trump administration allows for Russian oil sales as energy prices soar.
CNBC: Oil holds above $100 as Trump says America “has ammunition and plenty of time” to fight Iran war.
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