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Breaking Posted 2 hours ago

Vance Says White House Can Waive Iran Oil Sanctions Unilaterally

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VP Vance stated the administration is 'quite confident' it can waive Iranian oil sanctions without congressional approval as part of a nuclear peace deal. The move would bypass the Iran Nuclear Agreement Review Act, which requires congressional consultation before lifting sanctions. A potential Iran sanctions waiver could increase global oil supply, pressuring oil-linked currencies. USD may weaken on geopolitical de-escalation; traders should watch USD/CAD and USD/NOK, as falling oil prices hit petrocurrencies, while safe-haven demand for USD and CHF could also shift.
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