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Oil prices rise as the U.S. cancels Iran’s license to sell oil

Oil futures climbed late Tuesday after the Treasury Department canceled a license granted on June 21 to allow for the sale of Iranian oil.

Oil prices rise as the U.S. cancels Iran’s license to sell oil

Published July 7, 2026 · Category: Finance

Overview

Oil futures climbed late Tuesday after the Treasury Department canceled a license granted on June 21 to allow for the sale of Iranian oil.

Source

Originally published at www.marketwatch.com.

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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.