Crude falls more than $1 a barrel as traders assess potential impact of Washington’s new measures.
Image: The Star
Oil prices fell by more than $1 a barrel as investors awaited details of new US sanctions expected to target Iran.
The decline came as traders weighed the potential impact of Washington’s measures on Iranian oil exports and broader global supplies.
Markets remain highly sensitive to developments surrounding Iran, particularly amid tensions in the Strait of Hormuz, a crucial route for global energy shipments.
Investors are now watching the US announcement closely for clues on whether the sanctions could tighten supplies or further disrupt oil flows from the region.
