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Oil prices hold above $90 a barrel ahead of Iran-focused announcements

MarketWatch says the impact for oil hinges on how U.S. sanctions affect China, Iran’s biggest oil buyer, and whether Beijing pushes back.

Reported · Written up by our desk · Energy

Global oil prices remained above $90 a barrel as markets looked ahead to an Iran-focused announcement from the U.S., according to MarketWatch.

The outlet said the bigger question for crude is how strongly U.S. sanctions affect China, Iran’s biggest oil buyer, and whether Beijing responds to reduce the impact.

Latest closeWTI crude $82.40 ▲1.4%

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Sources

MarketWatchGlobal oil prices above $90 a barrel ahead of Bessent’s ‘economic D-Day’ announcement on Iran
MarketWatchGlobal oil prices above $90 a barrel ahead of Bessent’s ‘economic D-Day’ announcement on Iran

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