Oil futures turn sharply lower on report that EU may be able to skirt Iran sanctions 6 k6 Y O* s. o8 d% [ https://www.marketwatch.com/stor ... anctions-2019-01-23 8 o7 S* V) O, \' }8 y0 F9 \5 f8 [# A n7 k8 r3 g9 ^
The European Union is set to launch a mechanism that would facilitate non-dollar trade with Iran, bypassing U.S. sanctions, Reuters reported Wednesday, citing comments from diplomats. That launch of the mechanism would allow the EU to "skirt" U.S.