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Commodities

Oil Price Drops 1% Ahead of Trump Sanctions

Guavy AI Editorial Team
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Oil
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The price of oil fell by 1% on Friday ahead of the Trump administration's new Iran sanctions, according to Markets.com. The move was expected as investors await the outcome of the sanctions, which could impact global energy supplies.

Oil prices have been volatile in recent weeks due to tensions between the US and Iran. The new sanctions are set to take effect soon, and investors are cautious about their potential impact on the oil market.

The FSCA regulates Markets South Africa (Pty) Ltd, which operates the www.markets.com/za/ site, warning that trading Foreign Exchange (Forex) and Contracts For Difference (CFDs) is highly speculative and carries a high level of risk.

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