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Breaking Posted 6 hours ago

Iran ships 30 million barrels as US waives oil sanctions

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Iran shipped 30 million barrels of crude in the week before the US waived sanctions, allowing more countries to purchase Iranian oil. This supply surge pressures crude prices lower, which typically weakens commodity-linked currencies like CAD, AUD, and NOK while supporting USD as a safe-haven beneficiary of lower energy inflation.
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3 hours ago

U.S. oil prices fall below $74 on Iranian sanctions pause

U.S. crude fell below $74/barrel after a 60-day pause on Iranian oil sanctions, with expectations of increased Iranian crude supply entering global markets. Weaker oil prices typically pressurize commodity-linked currencies, particularly CAD and NOK, while benefiting oil importers and the USD.

https://www.marketwatch.com/story/u-s-oil-prices-fall-below-74-a-barrel-on-60-day-pause-on-iranian-oil-sanctions-0b7c7130?mod=mw_rss_topstories
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@yokoyi · 5 hours ago

We need to see a reduction in the price of gas soon

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