US extends Russian oil waiver by 30 days as Hormuz closure chokes supply
US treasury secretary said the move would help poorer nations as China would not have the ability to ‘stockpile discounted oil’ from Russia.
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Iran media says Trump proposed oil sanctions waiver till final deal; US stock futures rebound
After the reports surfaced, global markets rebounded with the European STOXX 600 rising 0.2% to intra-day high and Nasdaq 100 futures paring massive losses.