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The end of Iranian oil waivers and what it means for the OPEC-led output cut pact

Myra P. Saefong
The end of Iranian oil waivers and what it means for the OPEC-led output cut pact

Oil prices had good reason to rally on Monday with loss of waivers on U.S. crude sanctions on Tehran, set to expire in just over a week, expected to take roughly a million barrels off the global market and potentially mark an end to the output-cut agreement among major oil producers.