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(Bloomberg) -- Oil edged lower after U.S. President Joe Biden unveiled sanctions that avoided the harshest restrictions against Russia, while progress in Iran nuclear diplomacy offered to bring some relief to tight global energy markets.
Most Read from Bloomberg
Blinken Says Meeting With Lavrov Is Canceled: Ukraine Update Porsches, Lamborghinis Lost at Sea May Cost VW $155 Million U.S. Condemns Russian Move at UN, Reassures Kyiv: Ukraine Update Stocks Decline as Biden Proposes Russia Sanctions...
>>> Read more: Oil Slips as U.S. Avoids Harshest Sanctions, Iran Supply Beckons
Most Read from Bloomberg
Blinken Says Meeting With Lavrov Is Canceled: Ukraine Update Porsches, Lamborghinis Lost at Sea May Cost VW $155 Million U.S. Condemns Russian Move at UN, Reassures Kyiv: Ukraine Update Stocks Decline as Biden Proposes Russia Sanctions...
>>> Read more: Oil Slips as U.S. Avoids Harshest Sanctions, Iran Supply Beckons
