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The Nexus
SECURITYJul 8 · 08:45 UTCFRANCE 24Charles PELLEGRIN

US revokes waiver for Iranian oil sales amid renewed Gulf strikes

The US Treasury Department has ended the allowance of Iranian oil sales in US dollars after several tankers were attacked in the Strait of Hormuz, leaving over 60 million barrels stranded. A Chinese air conditioning factory is working to meet increased European demand driven by heatwaves.

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