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U.S. crude oil prices fall 2.7% to about $74 per barrel for the first time since early March after treasury

2026 Iran war fuel crisis — U.S. crude oil prices fall 2.7% to about $74 per barrel for the first time since early March after treasury secretary Scott Bessent announced a 60-day waiver of sanctions on the pu

Published June 22, 2026· Updated October 28, 2026·1 min read

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Context: 2026 Iran war fuel crisis.

U.S. crude oil prices fall 2.7% to about $74 per barrel for the first time since early March after treasury secretary Scott Bessent announced a 60-day waiver of sanctions on the purchase of Iranian oil. [https://www.nbcnews.com/business/energy/oil-prices-hormuz-sanctions-waiver-rcna351144 (NBC News)]

Event summary via Wikipedia Current Events (2026-06-22).