A US official tells CNBC the Iranian state media report that the US has agreed to lift oil sanctions while talks are ongoing is false.

The US denial of lifting oil sanctions as reported by Iranian state media suggests continued geopolitical tensions and highlights the fragility of negotiations.

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A US official tells CNBC the Iranian state media report that the US has agreed to lift oil sanctions while talks are ongoing is false.

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This could impact oil prices as fears of escalation persist, influencing market sentiment and trading strategies in oil and related commodities.

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