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Oil prices rise as the U.S. cancels Iran’s license to sell oil

Economy MarketWatch By Myra P. Saefong 07 Jul 2026 21:04 1 min read
Oil prices rise as the U.S. cancels Iran’s license to sell oil

Oil futures climbed late Tuesday after the Treasury Department canceled a license granted on June 21 to allow for the sale of Iranian oil.

Oil futures climbed late Tuesday after the Treasury Department canceled a license granted on June 21 to allow for the sale of Iranian oil.

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