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Oil prices top $112 after Iraq declares force majeure, Kuwait refineries attacked

Oil prices rose Friday even after Treasury Secretary Scott Bessent said Washington may soon lift sanctions on Iranian crude stored aboard tankers.

1 report1 sourceMar 20, 2026, 7:54 PM
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CNBCMar 20, 2026, 7:54 PM

Oil prices top $112 after Iraq declares force majeure, Kuwait refineries attacked

Oil prices rose Friday even after Treasury Secretary Scott Bessent said Washington may soon lift sanctions on Iranian crude stored aboard tankers.

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