US to issue new Russia oil waiver
Digest more
European stocks closed higher after a sharp intraday reversal, as hopes of easing Middle East tensions grew following a report that the US is considering a temporary waiver on Iranian oil sanctions.
Oil prices rose late Monday morning after Axios reported that the U.S. has rejected a 14-point peace proposal that Iran submitted to Pakistani mediators. The White House didn’t immediately respond to Barron’s request for comment.
CNBC's Megan Casella reports on the latest developments in the Iran war.