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The U.S also said it will temporarily lift some sanctions on the sale of Russian oil to help improve oil supplies. oil rallies faded before hitting the $120 mark due to fears brought by the ongoing war by the U.S and Israel on iran. The international energy agency release is aimed at countering inc…

The U.S also said it will temporarily lift some sanctions on the sale of Russian oil to help improve oil supplies. oil rallies faded before hitting the $120 mark due to fears brought by the ongoing war by the U.S and Israel on iran. The international energy agency release is aimed at countering increased disruptions in oil markets caused by the near complete closure of the strait of harmuz by Iran.