Commodities
Oil Prices Decline Amid Escalating Tensions Between US and Iran
Oil prices declined on Tuesday as tensions between the US and Iran escalated.
The introduction of 'Operation Economic Outcast' by the US, a campaign aimed at isolating Iran from the global financial system, weighed on oil markets.
Brent crude futures for November delivery traded at $89.66 per barrel, down 0.97% from Monday's close of $90.54.
The decline in oil prices was also attributed to renewed trade tensions between the US and Canada, with President Donald Trump stating that Canada 'couldn't survive' without the US.