https://www.live-feeds.com/feed/oil-prices-drop-after-iran-cleared-to-sell-crude-in-dollarsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-drop-after-iran-cleared-to-sell-crude-in-dollarshttps://www.live-feeds.com/feed/oil-prices-drop-after-iran-cleared-to-sell-crude-in-dollars#u22414Fri, 03 Jul 2026 06:11:50 +0000The US Treasury is temporarily lifting sanctions to permit Iran to produce and sell crude oil and related products. This agreement includes the reopening of the Strait of Hormuz. These moves have caused oil prices to fall.What's confirmed:The US Treasury is temporarily lifting sanctions to allow Iran to produce, sell and deliver crude oil and related products through August 21.President Donald Trump stated the Strait of Hormuz waterway will be reopened under the agreement.Still unconfirmed:The Nasdaq retreated due to concerns over AI investments by SpaceX and other tech giants. https://www.live-feeds.com/feed/oil-prices-drop-after-iran-cleared-to-sell-crude-in-dollarshttps://www.live-feeds.com/feed/oil-prices-drop-after-iran-cleared-to-sell-crude-in-dollars#u16113Sat, 27 Jun 2026 18:01:48 +0000Global oil prices have dropped significantly following a US Treasury Department decision to allow Iran to sell crude oil in dollars. This move coincides with a peace framework that reopened the Strait of Hormuz and increased supply expectations. WTI and Brent crude have reached three-month lows as a result.What's confirmed:The US Treasury Department issued a 60-day waiver allowing Iran to sell crude oil in dollars.WTI fell to approximately $73 and Brent fell to approximately $77, marking three-month lows.The agreement includes Iranian commitments to IAEA inspections and free transit in the Str