Oil falls as U.S. weighs releasing sanctioned Iranian crude to cool prices
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Source: CNBC
Published: 2026-03-20 11:46 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Iran, Energy, US Politics
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Snippet:
U.S. oil prices extended their decline after Treasury Secretary Scott Bessent said Washington may soon lift sanctions on Iranian crude stored aboard tankers, a move aimed at easing price pressures following Iran's closure of the Strait of Hormuz.
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