Oil Prices Hold Steady After U.S. Sanctions on Iranian Crude Scheme ...Middle East

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Oil Prices Hold Steady After U.S. Sanctions on Iranian Crude Scheme
source : OILPRICE ( Middle East ) () 134
Crude oil prices stabilized today after inching up on Tuesday following the news of new U.S. sanctions on people involved in exporting Iranian crude disguised as Iraqi crude. At the time of writing, Brent crude was trading at $68.93 per barrel and West Texas Intermediate was trading at $65.42 per barrel, both slightly down from opening. On Tuesday, the U.S. Treasury Department announced a round of sanctions on a network involved in selling Iranian crude abroad after blending it with Iraqi crude in order to disguise its real origin. “By targeting…

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