Oil Prices Fall 3% as US Shifts to Iran Sanctions; Brent, WTI Drop Amid Hormuz Risks
6 Articles
6 Articles
US shift to economic pressure on Iran eases fears of new war escalation, sending oil prices plummeting, while China warns of retaliation
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Oil Prices Edge Higher as Markets Assess Iran Sanctions and Middle East Supply Risks
Oil prices recovered slightly on Tuesday after falling more than 2% in the previous session as investors weighed the impact of the latest U.S. sanctions ... The post Oil Prices Edge Higher as Markets Assess Iran Sanctions and Middle East Supply Risks first appeared on [your]NEWS.
Brent's oil barrel for delivery in October, a benchmark for the European continent, has again traded under $90 today, falling by 3.32%.
Brent crude oil prices fell 1.1 percent to $89.55 a barrel amid concerns that US economic pressure on Iran and US-Canada tariff tensions will weaken global oil demand. The strengthening dollar is also negatively impacting prices.
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