Historic Diplomatic Shift
The#usa Treasury has issued a 60-day general license authorizing Iranian oil production and sales, a move that immediately shook energy markets.
Following the announcement, WTI crude fell more than 4%, sliding to around $USDC 74 per barrel — its lowest level since early March.
This signals how quickly geopolitical policy changes can ripple through global commodities, inflation expectations, and broader risk sentiment.
The#usa Treasury has issued a 60-day general license authorizing Iranian oil production and sales, a move that immediately shook energy markets.
Following the announcement, WTI crude fell more than 4%, sliding to around $USDC 74 per barrel — its lowest level since early March.
This signals how quickly geopolitical policy changes can ripple through global commodities, inflation expectations, and broader risk sentiment.