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Oil Surges After US Unveils New Sanctions, Cementing Energy As Best Performing Sector Of 2025
Oil Surges After US Unveils New Sanctions, Cementing Energy As Best Performing Sector Of 2025 As so often happens, just as Wall Street had given up on oil, it's soaring. WTI spiked to a 3-day high, and was on pace to hit the highest price since the start of the month, after the US announced sanctions targeting Chinese individual and crude oil tankers, who support Iran's oil exports. Specifically, the Treasury’s Office of Foreign Assets Control (OFAC) designated a Chinese “teap
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