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Event Brief

US Allows Sale of Stranded Iran Oil to Cap Fuel-Price Rises

The US permits the sale of Iranian oil to address rising fuel prices amid the Middle East conflict.
WHO: US
WHAT: Allowed the sale of Iranian oil and petrochemical products
WHEN: Mar 20, 2026 at 7:16 PM ET
WHERE: USA
WHY: To counter rising oil prices due to the Middle East war.
Sources (1): Bloomberg

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