Some lawmakers are likely to oppose the move, but officials said the Biden administration has noted the kingdom’s de facto cease-fire with the Houthi militia in Yemen.
Category: Embargoes and Sanctions
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U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up
Despite legal reservations, policymakers are weighing the consequences of using $300 billion in Russian assets to help Kyiv’s war effort.
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G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion
The Treasury Department announced new sanctions on oil shippers and traders that have been helping Russia circumvent price restrictions.
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Lawmakers Press Biden Administration for Tougher Curbs on China Tech
Republican legislators argue that the Biden administration has been ill-equipped and unmotivated in a technology fight with Beijing.
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What’s at Stake in the President Biden-Xi Jinping Meeting
President Biden and his Chinese counterpart, Xi Jinping, are set to meet on Wednesday, as the two seek to maintain ties despite trade tensions.
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Yellen Says U.S. Wants ‘Healthy’ Economic Ties With China
The Treasury secretary said she had pressed her Chinese counterpart on China’s export controls and cautioned against supporting Russia.
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Why Are Oil Prices Falling While War Rages in the Middle East?
Energy markets have shrugged off the fighting between Israel and Hamas so far, focusing instead on forecasts of subdued demand.
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Why Are Oil Prices Falling While War Rages in the Middle East?
Energy markets have shrugged off the fighting between Israel and Hamas so far, focusing instead on forecasts of subdued demand.
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Markets Look to Powell Amid Rising Tensions in the Middle East
Investors will listen to the Federal Reserve chair’s speech on Thursday for clues on interest-rate moves, as the Israel-Hamas conflict drives up oil prices.
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Iran’s Call for Oil Embargo on Israel Roils Markets
A top Iranian official urged Islamic countries to halt oil shipments to Israel, briefly causing a jump in crude prices.
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Escalating Tensions in Middle East Puts Markets on Edge
Oil prices rose as President Biden arrived in Israel for high-stakes diplomatic talks in the wake of a deadly blast at a Gaza hospital.
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U.S. Tightens China’s Access to A.I. Chips
The further limits on shipments could cripple Beijing’s A.I. ambitions and dampen revenues for U.S. chip makers, analysts said.