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  1. Oil prices increase after the Biden administration announces new sanctions against Iran's petrochemical industry in an effort to force Iran to comply with the Joint Comprehensive Plan of Action that the United States unilaterally withdrew from in 2018.
  2. Oil prices increase in the United States after the Biden administration announces new sanctions against Iran's petrochemical industry in an effort to force Iran to comply with the Joint Comprehensive Plan of Action that the United States unilaterally withdrew from in 2018.
  3. Oil prices increase in the United States following the Biden administration's announcement of new sanctions against Iran's petrochemicals industry. The sanctions are an effort to force Iran to comply with the Joint Comprehensive Plan of Action, from which the United States unilaterally withdrew in 2018.

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