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Commodities

Iran Sanctions Warnings Send Oil Prices Tumbling

Guavy AI Editorial Team
Instruments
Oil
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Oil prices have taken a dip despite warnings from US Treasury Secretary Scott Bessent that an impending 'economic D-Day' related to Iran is on the horizon.

The Brent crude price was around $93 per barrel, while West Texas Intermediate (WTI) traded at approximately $86 per barrel, both marking a decrease for the day.

The market appears to be focusing on potential supply risks from Iran, as participants await further details on US sanctions measures that Bessent is expected to detail later.

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