Oil Drops 3% to 12-Day Low as Iran Claims Two-Year Plan to Cope with Washington’s ‘Economic D-Day’
Brent crude fell 3% to $89.40 a barrel as Washington expanded sanctions on Iran and warned of further economic pressure.
5 Articles
5 Articles
Oil Drops Sharply Despite Fresh U.S. Pressure On Iran
Oil prices dropped more than 3% Tuesday after a report that the United States plans to return diplomats evacuated from the Middle East, signaling reduced expectations of an immediate return to full-scale conflict. According to CNBC, Brent crude fell about 3.4% to $89.05 per barrel, while West Texas Intermediate declined 3.6% to roughly $81.99. The losses followed a 3% Brent decline on Monday.The market reaction came as Washington intensified eco…
Oil Drops As Iran Says It Has A Plan For Trump's ‘economic D-Day’
Oil prices fell more than 3% on Tuesday as the U.S. pivots to economic sanctions rather than military strikes to pressure Iran. Brent futures, the international benchmark, fell 3.2% to $89.20 per barrel. U.S. West Texas Intermediate crude was down 3.3% at $82.21 a barrel. Prices have fallen more than 5% this week after the U.S. government unveiled a fresh raft of sanctions on Iran and so-called “enablers” that continue to trade with the Islamic …
Iran-US War Latest News: Oil Falls 3% as Washington Shifts to Economic Pressure on Iran, Easing Fears of Renewed War
Crude oil prices tumbled across global markets as the administration shifted its primary strategy from immediate military interventions to heavy economic sanctions against Tehran. The post Iran-US War Latest News: Oil Falls 3% as Washington Shifts to Economic Pressure on Iran, Easing Fears of Renewed War appeared first on The Sunday Guardian.
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