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Breaking Posted 3 hours ago

US lifts 60-day Iran oil sanctions reprieve after 35 years

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The US has granted a 60-day temporary relief from sanctions on Iranian crude oil, marking the first reopening of US markets to Iranian imports in 35 years under an interim peace agreement. This geopolitical shift could pressure oil prices lower, affecting petrocurrency pairs including USD/CAD and potentially weakening commodity-linked currencies if crude supply increases.
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