Investors are awaiting details of the U.S. sanctions on Iran, which are expected to be announced, as oil prices fall by more than 1.5%. Saxo Bank analysts stated, "Iranian exports have already been disrupted, and the sanctions could further tighten global oil supply." In early European trading, Brent crude futures fell by 1.5% to $91.3 per barrel, while WTI crude futures dropped by 1.8% to $85.4 per barrel. Both major crude benchmarks closed last week up over 6%, after talks to reopen navigatio

Investors are awaiting details on the US’s anticipated sanctions against Iran, causing oil prices to fall by over 1.5%. Analysts at Saxo Bank stated: “Iranian exports have already been disrupted, and the sanctions measures could further tighten global oil supply.” During early European trading, Brent crude futures fell 1.5% to $91.3 per barrel; WTI crude futures dropped 1.8% to $85.4 per barrel. Both major crude benchmarks closed last week up over 6%, following a deadlock in negotiations to reopen transit through the Strait of Hormuz and as Trump announced plans to further increase economic pressure on Tehran. US Treasury Secretary Baisent is scheduled to hold a press conference at 2:00 a.m. Beijing Time on the 25th, where new details on US economic sanctions against Iran are expected to be announced.