Oil: Prices Fall After New US Sanctions Against Iran
4 Articles
4 Articles
Oil prices declined on Monday, 24 August, after the announcement of new US sanctions against Iran. Markets had already integrated these measures, while investors remain attentive to a possible Tehran response.
On August 25, oil prices resumed their rise after falling more than 2% during the previous trading session.
Oil prices fell to a more than one-week low as Washington launched a new wave of sanctions against Iran, which the US administration called an "economic D-Day." Despite the tense rhetoric, investors are not yet pricing in any major supply risks, CNBC reported.
Both Brent and WTI crude oil prices fell slightly on Tuesday morning after a sharp decline on Monday as the market reacted to fresh US sanctions targeting the Iranian regime's revenues.
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