US lifts Iran sanctions for 60 days, crude oil trade resumes
pre-market1 source ↓written by the desknot a recommendation
- following this significant
- 3%
The United States has lifted major sanctions on Iran for 60 days, allowing the country to produce and sell crude oil. This waiver, effective until 21 Aug, facilitates banking, shipping, and insurance services, enabling legal purchases of Iranian oil. Global crude prices fell over 3% following this significant policy shift, impacting energy markets. ⚡
Not investment advice. For informational purposes only.