Oil Dumps And Jump After US Lifts Sanctions On One Iranian Oil Official, Clarifies “Nothing To Do” With Nuclear Deal

Oil Dumps And Jump After US Lifts Sanctions On One Iranian Oil Official, Clarifies “Nothing To Do” With Nuclear Deal

Update 1230pm: And now oil is rushing back higher, after Bloomberg corrects itself that the US had lifted sanctions on just one Iranian oil official…

*CORRECT: U.S. LIFTS SANCTIONS ON ONE IRAN OIL OFFICIAL

… while Reuters adds that, as expected, this is just a “routine” change and has “nothing to do with the Iranian nuclear deal talks” at all.

U.S. OFFICIAL SAYS TREASURY ACTION IS ROUTINE AND HAS NOTHING TO DO WITH IRAN NUCLEAR DEAL TALKS, IS SIMPLY REGULAR DELISTING WHEN FACTS SO DICTATE

Oil almost back to $70 on the correction. The full statement from the Treasury dept can be found here.

* * *

Oil is tumbling, dropping below the key

Keep reading this article on Zero Hedge - Blog.

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