Oil falls 2%, below $70, as Treasury says importers may get leeway to buy Iranian crude, despite sanctions

Treasury Secretary Steve Mnuchin said some crude importers may receive waivers to continue buying supplies from Iran, despite U.S. sanctions on the Middle Eastern country.
ref:https://www.cnbc.com/2018/07/16/oil-falls-as-mnuchin-says-oil-buyers-may-get-iran-sanctions-waivers.html