Iran War Live Updates: Oil Prices Retreat and More Attacks Are Reported
The New York Times • • business
Key Points:
- The U.S. plans to lift sanctions on Iranian oil to lower global energy prices amid escalating conflict, with Treasury Secretary Scott Bessent indicating a temporary suspension of sanctions on oil already at sea to stabilize markets.
- President Trump urged Israeli Prime Minister Netanyahu to cease attacks on Iran’s energy infrastructure, emphasizing no deployment of U.S. ground troops and attempting to reassure the public that the crisis would be short-lived despite rising oil prices and economic concerns.
- Recent airstrikes have caused extensive damage to critical gas facilities in Qatar and Iran, with QatarEnergy estimating up to five years for full repairs; Iran and Israel continue retaliatory strikes, intensifying regional tensions and threatening long-term disruption to energy markets.
- The U.S. military has conducted thousands
