Commodities
Iran Sanctions Plan Yields Little Reaction from Oil Markets
Treasury Secretary Scott Bessent unveiled a new sanctions plan on Iran, dubbed the 'D-day' strategy.
The plan aims to intensify economic pressure on Tehran, but oil prices showed little movement in response.
Brent crude hovered near $72 per barrel, while West Texas Intermediate (WTI) traded around $68, reflecting a market more focused on demand outlook and global inventories than geopolitical posturing.
The specifics of the plan remain unclear, with few details on which entities would be targeted or how enforcement would be tightened.