Oil prices were sharply lower on Monday, after having risen over 5 percent to post their second consecutive weekly gain last week amid the impasse in talks for deal to end the U.S.-Iran war.
Brent crude futures tumbled 1.8 percent to $92.72 a barrel ahead of the announcement of fresh U.S. sanctions aimed at Iran.
WTI crude futures were down 2.5 percent at $84.86 after U.S. Vice President JD Vance said that between 7 million and 15 million barrels of oil were still passing through the Strait of Hormuz every day.
Subscribe to continue reading the article.
This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.
Start Free Trial
FREE 7-Day Trial – No Payment Required
Market Analysis
Oil Prices Slip As Markets Brace For New US Sanctions On Iran
2026-08-24 09:21:17
