Oil Slides as Treasury Backs Off on Iranian Sanctions
July 16, 2018 at 16:03 PM EDT
Oil prices continued their unceremonious slide, falling to $68.32 as of 3:30 p.m. Eastern Time after Treasury Secretary Steve Mnuchin said crude importers might receive waivers to continue buying supplies from Iran, lightly tapping the brakes on earlier sanctions to reduce purchases from Iran to...