Economy

Oil Prices Stabilize as Markets Assess New US Sanctions on Iran

Reuters20h
THE BRIEF
1

Global oil prices remained steady as investors weighed the potential impact of expanded US economic sanctions against Iran.

2

Brent crude continues to trade above $90 per barrel, reflecting market anxiety over supply disruptions in the Middle East.

3

The US administration's vow to intensify economic pressure on Tehran has created uncertainty for major oil importers, including China and India.