Business

Iran Oil Ban Pushes Up Prices

Updated 2026-07-07 20:25 UTC 1 source Neutral

Oil prices increased after the U.S. Treasury Department canceled a license that allowed Iran to sell oil, effective June 21.

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MarketWatch

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

2026-07-07 20:09 UTC