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The Nexus
BUSINESSJul 7 · 20:09 UTCMARKETWATCHMyra P. Saefong

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

Oil prices increased as the U.S. Treasury Department revoked Iran's license to sell oil, leading to a rise in oil futures. The decision, which canceled a license issued on June 21, caused market reactions late Tuesday.

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