Oil prices briefly hit a three-month high on Tuesday, boosted by falling exports from Saudi Arabia. Investors also continued to monitor trade talks between the U.S. and China for their implications for global growth.
The new U.S. special representative for Iran said Thursday the Trump administration is prepared to impose sanctions on all countries that buy oil from Iran after a deadline in November, including China, the top importer of Iranian crude.
A Madison-based utility says it plans to stop burning coal to generate electricity by 2050 and will reduce carbon emissions 80 percent by then. The utility serves customers in parts of Wisconsin and Iowa.
The Trump administration’s effort to pressure Iran depends on countries deeply skeptical of the U.S. campaign against the Islamic Republic, creating resistance that analysts and officials in those countries say could undercut one critical element of the push: curtailing Iran’s oil exports.