Oil market seeing fewer signs of relief today with no de-escalation after strategic reserve announcements.
Vonnie Quinn
Anthony DePaola
New Iranian Supreme Leader saying Strait of Hormuz should stay shut is driving oil prices higher, creating dislocation with 20% of daily oil consumption cut off.
U.S. issued temporary waiver for purchase of Russian oil - how much and where does it go?
Vonnie Quinn
Anthony DePaola
Waiver is for oil already on water, allowing countries like India and China to buy Russian crude as replacement for blocked Middle Eastern oil.