Trump Unleashes Crushing Sanctions on Iran: Oil Prices Plummet

Oil prices fell on Monday as investors awaited details of a new US campaign to isolate Iran's economy, with President Donald Trump describing the initiative as the 'most crushing' financial operation ever directed against Tehran.

The move comes as markets remain sensitive to developments in the Middle East and their potential impact on energy supplies and global trade. Brent crude fell towards $92 a barrel, down about 2 percent from Friday's close, while West Texas Intermediate dropped to around $85.39 per barrel.

US Treasury Secretary Scott Bessent is expected to provide further details on the administration's plan during a news conference on Monday, with investors bracing for tougher US measures against Tehran.