New U.S. prohibitions on Iran oil exports begin as OPEC says it is working to “depoliticize oil.”
The head of the Organization of the Petroleum Exporting Countries warned against the political use of oil markets during a trip to Tehran, as tightened U.S. sanctions on Iranian oil exports begin.
U.S. waivers on purchasing Iranian oil expired overnight for eight countries, including Iran’s main oil customer, China.
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