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Business

Oil prices pull back as Bessent launches ‘Operation Economic Outcast’ against Iran but holds off on new secondary sanctions

MarketWatch · August 24, 2026 at 2:09 PM

Oil prices pull back as Bessent launches ‘Operation Economic Outcast’ against Iran but holds off on new secondary sanctions

What matters more for oil prices is how hard U.S. sanctions hit China, Iran’s biggest oil buyer, and whether Beijing pushes back.

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This story in other outlets

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