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US Deputy Commerce on Iran sanctions
A statement by the U.S. Deputy Secretary of Commerce indicated that the goal of lifting sanctions on Iran is to reduce energy costs for American industry and stabilize global oil markets. This comes after the signing of a memorandum of understanding between Washington and Tehran, which includes a temporary suspension of sanctions on Iranian oil for 60 days and a partial reopening of the Strait of Hormuz. The resumption of Iranian oil flow has led to a decrease in the prices of Brent and West Texas Intermediate crude, directly contributing to lower energy costs and an improvement in the U.S. economy.
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