US Revokes Waiver Allowing Sale of Iranian Oil

Hyperdash NewsCommodities

The United States has revoked a waiver that previously permitted the sale of Iranian oil. This action by the US government is expected to decrease the global supply of oil. The move will likely affect crude oil prices.

The revocation of the waiver could tighten the oil market. Reduced supply typically leads to higher prices for crude oil. Since this news broke, Hyperdash pricing shows

WTI Crude up +0.17% and Brent Crude up +0.14%.

SourcesWSJ

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