energy

Indonesia unveils $1.48bn stimulus to fight energy crisis, currency slump

The Trump administration has temporarily eased some sanctions on Iranian oil, pausing hostilities that have defined US-Iran relations since the 1979 hostage crisis.

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Indonesia unveils $1.48bn stimulus to fight energy crisis, currency slump

Hedge funds boosted bearish bets on US crude to the most in nearly five months on expectations that a preliminary peace deal between Washington and Tehran will boost Middle East oil flows through the Strait of Hormuz.

Oil tanker traffic picks up through Hormuz Reuters

The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal.

Iranian crude is flooding onto the global market again, just as the US waives sanctions on the cargoes, permitting far more countries to buy them.

Metlen Energy & Metals issues shares for incentive plan