Commodities
US Oil Fund Falls Amid Investor Caution on Iran Sanctions
Crude oil prices fell by nearly 3% on August 25th as investors remained in 'wait-and-see mode' over the Trump administration's decision to impose economic sanctions on Iran instead of military strikes. This shift in approach has reduced some of the uncertainty surrounding oil supplies and led to a decline in crude oil futures.
The USO, an ETF that tracks the price of West Texas Intermediate (WTI) crude oil, was among the losers, falling by nearly 3% on Tuesday. The move is seen as a response to the administration's decision to pivot from military action to economic pressure on Iran.