Oil Prices Tumble Amid 'Toughest Sanctions' on Iran

Oil prices have been trending lower as U.S. Treasury Secretary Bessent wraps up his press conference outlining the toughest sanctions in history on Iran.

The sanctions target key sectors such as digital assets, technology, gold, aviation, and shipping, which were previously called 'lifelines' for the country.

Bessent stated that every individual or entity will be affected by these measures, signaling no exemptions, including China.