Oil Prices Surge After U.S. Bans Iran from Selling Oil

📡 Barrons 10h ago · 1 min read ·

Part of composite article Oil Jumps 6% After US Revokes Iran Waiver Following Ship Attacks View full article →

Oil prices jumped sharply today. The U.S. government revoked Iran’s authorization to sell oil. The move comes after Iranian forces attacked ships in the Strait of Hormuz, a key global shipping route. The ban tightens supply fears in an already tense market.