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US eases Iranian oil sanctions as Iran denies Vance claim on nuclear inspectors

The US Treasury on Monday eased certain sanctions on Iranian oil exports, while Iran's Foreign Ministry rejected as « factually incorrect » a claim by US Vice President JD Vance that nuclear inspectors had been granted « full access » to facilities.

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Distant view of a crude oil tanker on open sea under overcast skies.

North America

Oil prices face fresh volatility wave as Strait of Hormuz reopening hits new uncertainty

MarketWatch reports that a flurry of headlines on Friday point to an increasingly fragile deal between the United States and Iran. Lingering questions over the Strait of Hormuz reopening have triggered a fresh wave of pressure across oil markets. Traders expect price swings to remain elevated as regional tensions continue.

MarketWatch Top Stories3 d agoCL=F BZ=F XOM