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U.S. Not Eyeing Immediate Oil Release in Response to Iran Crisis

(Bloomberg) — The Trump administration isn’t actively considering an immediate release of oil from the national petroleum reserve in response to the Iran crisis that has sent oil prices higher, according to a person familiar with deliberations within the White House.Oil prices jumped almost 5% in New York and London after a U.S. airstrike killed General Qassem Soleimani, one of Iran’s most powerful generals. Although President Donald Trump has the Strategic Petroleum Reserve at his disposal to offset potential supply disruptions, no talks have taken place within the administration about selling some of the stockpiled crude, said the person who …read more […]

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Markets slide after U.S. airstrike kills Iranian General

Major indexes are in the red at the open today after a U.S. airstrike killed a key Iranian general in Iraq. Former JPMorgan Chase Chief Economist Anthony Chan and President at New England Investment & Retirement Nick Giacoumakis joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Jared Blikre to discuss. …read more […]