US oil waivers end as Iranian crude exports slump in April
The US has ended waivers that allowed eight countries to make limited purchases of Iranian oil. In March, Iran’s crude and condensate exports surged to their highest since September, but so far this month, Iranian oil exports have plunged to a pace averaging less than 900,000 barrels per day
UPDATED: Brent crude traded as high as $74.67 per barrel on Tuesday morning, although it later steadied to $74.12 on London’s ICE Futures Europe exchange
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