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Anadolu Agencyaa.com.tr

Oil prices drop over 3.5% as US authorizes 60-day general license for Iranian oil production (opens original article in a new tab)

TL;DR

Oil prices dropped over 3.5% as the US authorized a 60-day general license for Iranian oil production, allowing transactions through Aug. 21.

  • Oil prices dropped over 3.5%
  • US authorized a 60-day general license for Iranian oil production
  • US Treasury issued General License X allowing Iranian-origin crude transactions through Aug. 21
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