Are oil sanctions about to be canceled?

News of the day, Wednesday, May 18

Iran: sanctions over Russian crude export opened the market for Iranian oil.

Goldman Sachs has lowered the Chinese 2022 GDP prognosis from 4.5% to 4%.

Finland’s Rehn suggests ECB will increase the interest rate in the summer.

Billy Markus, a Dogecoin co-founder: 95% of cryptocurrencies are a scam.

China is negotiating with auto producers about the electric vehicle subsidies extension. Current subsidies expire in 2022.

Finland and Sweden have officially applied for NATO membership.

The USA has allowed Venezuela's oil sanctions discontinuation in case of cooperation with Karakas.

The USA and Japan will create a structure for reliable access to rare metal sources.

The price of Brent crude is $113.60, WTI — $111.60, GBP/USD — 1.2405, EUR/USD — 1.0514, and gold costs $1815.00 per ounce.