Intraday Update – U.S. Treasury Amends Iranian Oil Sanction Waivers. Crude High of the Day

There’s been a rapid-fire spurt of headlines this afternoon from the U.S. Treasury, revoking a license and issuing another. It’s been a bit confusing to sort out, but oil’s reaction was very clear, spiking higher. This is the start of the U.S. response to the IRGC striking 4 ships with missiles and drones in less…