Economy
Oil Prices Dip as Markets Await US Sanctions on Iran
CNBC2h
THE BRIEF
1
Global crude oil prices fell on Monday as investors braced for the US Treasury's announcement of 'toughest' economic sanctions against Iran.
2
Brent crude slipped toward $93 per barrel, reflecting market anxiety over potential disruptions to oil flow through the critical Strait of Hormuz.
3
The US Treasury Secretary is expected to detail the 'economic D-Day' strategy, which aims to further restrict Iran's energy exports and financial operations.