The Trump administration intends to take additional steps to ease sanctions on Venezuela’s oil sector in an effort to increase crude production as the Iran war sends prices surging.

Cryptocurrencies have stood out as winners among asset classes since the outbreak of the war with Iran, but the resilience of digital assets may be a matter of timing.

A who’s who of central banks meet this week and all will stress their commitment to price stability in the face of a huge oil-supply disruption. The Reserve Bank of Australia’s decision to hike shows that monetary authorities are combating a bigger foe than Iran — the pickup in inflation that fighting in the Middle East is likely to generate. But not all will follow suit.

Soybean oil rallied amid expectations the Trump administration will finalize US biofuels blending policy before farmers and renewable fuel producers meet at the White House next week.

The European Union will restart ratification of its trade deal with the US, setting up the long-delayed agreement for final approval.

A large gas field in the United Arab Emirates was set ablaze after a drone strike and a vital oil port was halted again, piling pressure on energy markets and supply with each day that the Iran war goes on.