Oil declines over 3% after US permits Iranian crude sales

Oil prices declined by more than 3% after the U.S. Department of the Treasury authorized the production and export of Iranian oil as part of a provisional agreement signed between Washington and Tehran last week. Brent crude fell by 3.41% to $77.82 per barrel, while U.S. West Texas Intermediate decreased by 2.81% to $73.72. The announcement includes the issuance of a temporary license for 60 days, allowing the sale and production of Iranian oil, along with guarantees of freedom of navigation through the Strait of Hormuz and facilitations related to oil transactions and associated products.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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