World
US eases sanctions on Russian oil to ease energy prices inflated by Iran war
The U.S. has issued a 30-day waiver for countries to buy sanctioned Russian petroleum products currently at sea, hoping to ease oil and gas prices driven up by the war the U.S. and Israel are waging on Iran.
However, the waiver appeared to have little effect, with benchmark Brent crude back up to $101 by 1000 GMT on Friday, with Asian shares also under pressure.
The Israeli military said it had launched strikes across Tehran and continued to carry out strikes on the Iranian-allied Hezbollah militia across Lebanon, including on the capital Beirut, as Iranian media reported rallies for Quds (Jerusalem) Day beginning across Iran in support of the Palestinians.
The sounds of explosions and fighter jets were heard in the Iranian capital and in Karaj to the west of Tehran, Iranian media said.