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#USRevokesIranOilWaiver
Geopolitical friction is setting the energy markets ablaze. The U.S. Treasury officially revoked Iran’s oil waiver license on July 7, triggering a tight wind-down window that ends July 17.
Following the announcement and subsequent CENTCOM strikes linked to shipping vessel attacks in the Strait of Hormuz, both WTI and Brent crude surged over 5% intraday. Tehran has strongly condemned the move as a breach of their June 18 memorandum, vowing to protect national interests. With a mere 10-day buffer left on the waiver, expect severe oil volatility. Trade the crude oil breakout natively via our TradFi CFD portal now.
#USRevokesIranOilWaiver #CrudeOil #WTI #Brent