Oil Prices Fall Ahead of US Sanctions on Iran

Oil prices have slipped ahead of new US sanctions on Iran, which are expected to be announced soon. The sanctions are likely to impact oil exports from Iran, leading to increased uncertainty in the global market.

Asian shares, on the other hand, remain flat as investors await more clarity on trade policies and economic growth. Despite some positive cues from the US, such as a rise in gold prices due to safe-haven demand, markets are still cautious about the potential impact of the new sanctions.