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MarketWatch

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

Tuesday, July 7, 2026


The Treasury Department canceled a license granted June 21 that permitted Iranian oil sales. Oil futures rose following the announcement on Tuesday.

Original reporting: https://www.marketwatch.com/story/oil-prices-rise-as-the-u-s-cancels-irans-license-to-sell-oil-030635fc?mod=mw_rss_topstories

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