🔥 TrendingUpdated 7 July 2026 at 17:37

Oil prices jump 5% after U.S. revokes Iran oil sanctions waiver following ship attacks - NBC News

Oil prices jumped 5% after attacks on tankers in the Strait of Hormuz prompted the Trump administration to revoke a sanctions waiver on sales of Iranian oil.

NBC News·7 July 2026 at 17:37·1 min read
Why It's Trending

Oil prices jumped 5% after attacks on tankers in the Strait of Hormuz prompted the Trump administration to revoke a sanctions waiver on sales of Iranian oil.

GLOBAL — Oil prices jumped 5% after attacks on tankers in the Strait of Hormuz prompted the Trump administration to revoke a sanctions waiver on sales of Iranian oil.

Image source: NBC News

Source
NBC News
Category
business
Published
7 July 2026 at 17:37
Source Attribution

This report draws on reporting from NBC News. DOCFLiX Desk has verified and adapted this report with additional context for our readers.

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