The US announcement of ‘toughest sanctions in history’ against Iran did relatively little to push oil prices away from their comfort zone around $90 per barrel:
Despite Qatari and Pakistani mediation failing to bring the warring sides closer, oil prices remain stable:
Iran and Oman are negotiating a temporary shipping corridor, with Tehran insisting that passage will remain blocked until Washington lifts sanctions:
Saudi Arabia's national oil company, Saudi Aramco, has sold at least 4 million barrels of Arab Medium and Heavy oil:
