The US Treasury issued a temporary license allowing 140M barrels of Iranian oil to reach markets. Here's what it means for global energy prices.

Amid the understandings to end the war between the US and Iran and the expected opening of the Strait of Hormuz, a barrel of Brent crude is trading at $83, US crude (WTI) at $80;…

Interim accord to ease supply crunch that has gripped energy markets since February

America will permit Iran to start selling oil and fuel immediately. This follows a memorandum of understanding to end a war. Sanctions on Iranian oil sales will be waived. This…