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Oil prices sink below $74 a barrel as Treasury lifts Iranian oil sanctions for 60 days

The U.S. Treasury's Office of Foreign Assets Control cleared Iranian crude, petrochemicals, and petroleum products for sale through Aug. 21

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Oil prices sink below $74 a barrel as Treasury lifts Iranian oil sanctions for 60 days

Oil prices sink below $74 a barrel as Treasury lifts Iranian oil sanctions for 60 days

Published June 22, 2026 · Category: Markets

Overview

The U.S. Treasury's Office of Foreign Assets Control cleared Iranian crude, petrochemicals, and petroleum products for sale through Aug. 21

Source

Originally published at qz.com.

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