### [2026-06-22](/feed/2026/06/22/index.md)

##### Economic impact of the 2026 Iran war
# U.S. crude oil prices fall 2.7% to about $74 per barrel for the first time since early March after treasury secretary Scott Bessent announced a 60-day waiver of sanctions on the purchase of Iranian oil. 




### Sources:

1. [NBC News](https://www.nbcnews.com/business/energy/oil-prices-hormuz-sanctions-waiver-rcna351144)

### Related:

1. [Oil prices decrease by 5% in Asia early trading amidst hopes of a Iran–U.S. ceasefire deal to end the war. ](/feed/2026/05/25/oil-prices-decrease-by-5-in-asia-early-trading-amidst-hopes-of-a-iran-us-ceasefire-deal-to-end-the-war.md) _Context: Economic impact of the 2026 Iran war, prices_
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6. [Air China, China Southern Airlines, and its subsidiary XiamenAir increase fuel surcharges by ¥60–120 (US$8.70–17.50) on domestic flights in response to rising oil prices linked to the Iran war. ](/feed/2026/04/2/air-china-china-southern-airlines-and-its-subsidiary-xiamenair-increase-fuel-surcharges-by-y-60-120-us-870-1750-on.md) _Context: $, Economic impact of the 2026 Iran war, prices_
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