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Crude Shock: Analyzing the Geopolitical and Market Impact of the Revoked Iran Oil Waiver
The U.S. Department of the Treasury officially revoked the general license permitting Iranian crude oil exports on July 7, 2026. This policy shift enforces a rapid 10-day wind-down period concluding on July 17. Following the announcement, alongside reported military engagements by U.S. Central Command (CENTCOM) in the region, global energy benchmarks WTI and Brent crude surged over 5% intraday. As Tehran denounces the move, energy markets are bracing for a period of heightened stru
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