Oil Prices Fall as Bessent Outlines New Steps to Punish Iran
10 Articles
10 Articles
(New York = Yonhap News) Correspondent Lim Soo-jung = On the 24th (local time), international oil prices [due to] profit-taking on recent gains despite U.S. Treasury Secretary Scott Besant's announcement of sanctions against Iran...
Oil prices returned to a downward trajectory after a recent rally as investors weighed new US moves against Iran.
After six consecutive high-level sessions, investors made profits in the energy market and future oil contracts closed down Monday (24) despite the escalation of American sanctions against Iran. US Treasury Secretary Scott Bessent stated that Iran's partner countries will have a deadline to disrupt economic relations with the country. Brent oil with delivery for October fell 2.35%, quoted at $92.17 per barrel at ICE. WTI with dues for the same m…
Crude oil prices fall more than 1% ahead of US announcement on fresh sanctions on Iran. Where's it headed?
US-Iran war: Brent crude futures declined $1.22, or 1.29%, to $93.17 a barrel. Meanwhile, US West Texas Intermediate (WTI) crude dropped $1.20, or 1.38%, to $85.86 per barrel.
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