Oil Falls over 4% as Investors Shrug Off US Sanctions on Iran

Oil falls over 4% as investors shrug off US sanctions on Iran

NEW YORK — Oil prices fell about 4 percent to a one-week low on Tuesday as traders shrugged off the latest U.S. sanctions campaign against Iran, viewing economic pressure as posing less risk to oil supplies than a military escalation. Brent crude futures were down $3.83, or 4.2 percent, to $88.34 a barrel by 11:44 a.m. EDT, while U.S. West Texas Intermediate crude futures fell $3.34, or 3.9 percent, to $81.67. Both benchmarks hit their lowest le…

Oil hits one-week low as investors shrug off latest US sanctions on Iran

Investors shrug off US sanctions plan for Iran, bitcoin powers on

Investors took comfort from softer-than-feared US sanctions on countries with ties to Iran, while defence stocks rose on expectations the conflict could drag on for months.

Premarket: Investors shrug off U.S. sanctions plan for Iran, bitcoin powers on

Wall Street futures point to a higher open

Oil hits one-week low as investors shrug off US sanctions on Iran

Aug 25 (Reuters) - Oil prices fell ​3% to a one-week low on Tuesday as traders shrugged off the latest U.S. sanctions campaign ‌against Iran, viewing economic pressure as posing less risk to oil supplies than a military escalation.Brent crude futures were down $2.75, or 2.98%, to $89.42 a barrel at 1219 GMT, while U.S. West Texas Intermediate crude was down $2.67, or 3.14%, at $82.34.Both benchmarks hit their lowest ​levels since August 17.The s…