WTI Plunges as US Lifts Iran Sanctions on Oil Sales: WSJ
The Wall Street Journal reports that the US has agreed to lift sanctions on Iran's oil sales as part of a deal, allowing immediate crude exports and removing banking and transport barriers. WTI crude prices fell sharply on the news.
USOIL
The Wall Street Journal (WSJ) reported that the US and Iran have reached a deal that lifts sanctions on Iranian oil sales. Tehran is now permitted to sell oil immediately, and the agreement also waives restrictions on banking and transportation to facilitate transactions.
As a result of the news, WTI crude prices dropped sharply, reflecting the market's expectation of increased global supply. No specific price levels were provided in the report.
Source: FXStreet Forex News