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Iran and the U.S. intensify their war rhetoric yet again.

Plus, TikTok's parent company gets access to NVIDIA's top AI chips as it pushes a global expansion.

They've struggled to acquire the amount of compute they need in order to push at the

frontiers of AI, and Nivodeas Black Blackwells are top chips and they're after them.

And U.S. employers stare down the biggest annual jump in health insurance costs in a decade and a half.

We'll look at how they plan to cope. It's Friday, March 13th.

I'm Luke Vargas for the Wall Street Journal. And here is the AM edition of What's News,

the top headlines and business

stories moving your world today.

The U.S. is easing sanctions on Russian oil. In a move that's designed to boost supply and ease

price pressures, countries will be allowed to purchase Russian oil that's already

at sea until April 11th. I asked journal correspondent Thomas Grove what to make of the policy

shift. Treasury Secretary Scott Besson said in a post on X that the sanctions exemption is a

narrowly tailored short-term measure. And he says that it shouldn't provide a lot of economic

benefit to Russia

in the long term. This certainly shows us that the priority in Washington is to make sure that there's

enough oil on the market to keep prices low. And that's more important, I think, to Washington right now

than preventing Russia from gaining additional revenues that are feeding its war right now in Ukraine.

...