18 Hrs
Source:
وكالة صدى نيوز
Oil drops ahead of Iran sanctions
An economic report discusses the decline in oil prices at the start of Monday, as markets await the United States' imposition of additional sanctions on Iran, amid uncertainty about how these sanctions will impact global energy supplies. Brent crude prices fell by 1.29% to $93.17 per barrel, and West Texas Intermediate by 1.38% to $85.86, after experiencing continuous gains for more than two weeks. The impact of these sanctions will depend on Washington's ability to reduce Iran's exports and Iran's possible response, as shipments from Iran through the Strait of Hormuz decrease and global oil prices rise.
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