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Global oil prices climb back above $100 as U.S. waiver on some Russian oil sanctions fails to quell supply concerns

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Global oil prices climb back above $100 as U.S. waiver on some Russian oil sanctions fails to quell supply concerns

Ak March 13, 2026

Global oil prices climb back above 0 as U.S. waiver on some Russian oil sanctions fails to quell supply concerns

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The US temporary lifting of sanctions on Russian tankers at sea failed to calm concerns over a prolonged disruption to crude oil flows through the Strait of Hormuz.

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