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U.S. authorizes Iranian oil sales for 60 days

August 14, 2026
in Market & News
Reading Time: 1 min read
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U.S. crude prices fell 2.7% to about $74 per barrel after Treasury Secretary Scott Bessent announced a 60-day waiver of sanctions on the purchase of Iranian oil. NBC News’ Brian Cheung reports on the oil market’s reaction to the temporary sale of Iranian oil.  

For more context and news coverage of the most important stories of our day, click here:

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