US Lifts Sanctions on Iranian Oil for the First Time in Almost 8 Years — But There’s a Catch
For the first time since November 2018, American buyers can legally purchase Iranian crude. That’s a genuinely remarkable reversal after nearly eight years of some of the toughest sanctions Washington has ever imposed on another country’s energy sector. But before anyone starts treating this as Iran’s oil industry suddenly reopening to the world, there’s a […]
Oil Prices Are Sliding Fast — Here’s How Close They Actually Are to $70
A month ago, oil was trading above $106 a barrel. Today, it’s around $79. That’s a 25% drop in roughly four weeks, which is the kind of move that normally takes a recession, not a single month. Brent crude sat at $79.25 per barrel as of Monday, June 22, 2026, down sharply from the war-driven […]
Oil Prices Crash Below $75 for First Time in Nearly Four Months — Strait of Hormuz Deal Triggers Historic Sell-Off
Pakistan-brokered US-Iran truce, reopening of the world’s most critical oil shipping lane, and a flood of fresh supply send crude into freefall Global oil prices have crashed to their lowest level since early March 2026, with crude tumbling below $75 per barrel for the first time in almost four months as markets respond to one […]