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After surging about 10 percent on Thursday, oil prices had little reaction to the decision by President Trump to waive sanctions on the sale of some Russian crude.
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About 90 percent of the country's oil exports move through facilities on Kharg Island, located some 15 miles from the mainland in the Persian Gulf.
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Traders are continuing to monitor developments in the Middle East. Overnight, Trump hinted that an end to the conflict was not imminent.
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President Trump is the first American leader to embrace fighting a full-fledged, joint war with Israel. Washington has tried to avoid that level of coordination in the past.
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In a post on Truth Social, President Trump announced Friday afternoon that Richard Grenell is leaving the Kennedy Center. The arts complex is scheduled to close in July for renovations.
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Iran's response to days of aerial bombardment and long-range artillery strikes has proved more resilient than Trump administration officials anticipated.
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President Trump's aggressive stance toward Iran, during his first term and since returning to office last year, is key to understanding the conflict.
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A group of Democratic attorneys general had sued to overturn the Trump administration's new policy that demanded the past seven years of student application data.
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A federal judge has put the brakes on a criminal probe of the Federal Reserve, saying it was part of an improper campaign by the Trump administration to pressure the central bank into cutting interest rates.
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;Resize=(620)) Three world leaders — two of them members of the G7 — stood united in opposition Friday to the Trump administration's decision to ease sanctions on Russia's shadow fleet of oil tankers.
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