LIVE RADAR: Tornado Watch through 3 p.m. Thursday prompts Weather Authority AlertFILE - The Treasury Building is viewed in Washington, May 4, 2021. The U.S. Treasury Department said Thursday that it has imposed its first set of sanctions on two companies that shipped Russian oil in violation of a multinational price cap.
The companies being penalized are based in the United Arab Emirates and Turkey, the department said in a statement. Both companies relied on U.S. service providers. As a result of the sanctions, the Biden administration is blocking the companies' ability to conduct business or access any property or financial interests in the U.S.
The official said that Russia has tried to build an alternative shipping network to avoid the cap, but that has proved to be expensive, with private analyses indicating that it has cost $35 per barrel of oil.
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Stock Market Today: Stocks higher, Treasury yield slide on dovish Fed rate signalsU.S. equity futures edged higher Wednesday, with stocks looking to extend their recent run of gains to a fourth consecutive session, as markets react to more dovish rate signals from Federal Reserve officials heading into the start of the third quarter earnings season. While maintaining a close and ...
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