Markets overlook U.S. Iran sanctions
The markets largely ignored the new American sanctions on Iran, with oil prices falling and gold stabilizing, while the dollar saw a slight increase and stocks moved within narrow ranges. Brent crude and West Texas Intermediate futures declined by about 3%, but the markets were not significantly affected by Washington's efforts to tighten economic pressures on Tehran, as investors awaited developments regarding the sanctions and American data. Risks of disruption to maritime shipping remain possible, although reactions have been limited, and it is generally assumed that the markets consider these sanctions marginal in terms of their impact on oil supplies.
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