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Oil prices fall as US Iran sanctions outlook shifts toward China impact
The key market question is how potential new US sanctions could affect China, the No. 1 buyer of Iranian crude oil, according to the report.
Oil prices traded lower as attention focused on a promised US announcement tied to Iran, with the market weighing possible consequences for crude flows.
MarketWatch highlights that a central factor is how any new US sanctions might affect China, which it identifies as the No. 1 buyer of Iranian crude oil.
Latest closeWTI crude $82.40 ▲1.4%
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