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US Sanctions Looming: Oil Prices Slip Amid Iran Tensions

Oil prices fell more than $1 per barrel on Monday as investors booked profits ahead of an anticipated US announcement of tougher sanctions on Iran, a move that could further strain Middle‑East supply flows. Brent dropped 1.6% to $92.90 a barrel and WTI fell 2% to $85.32, marking the second consecutive weekly rise but still vulnerable to Washington’s policy shift.

August 24th, 2026
2 min read
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Oil prices fell more than $1 per barrel on Monday as investors booked profits ahead of an anticipated US announcement of tougher sanctions on Iran, a move that could further strain Middle‑East supply flows. Brent dropped 1.6% to $92.90 a barrel and WTI fell 2% to $85.32, marking the second consecutive weekly rise but still vulnerable to Washington’s policy shift.

Oil prices fell more than $1 per barrel on Monday as investors booked profits ahead of an anticipated US announcement of tougher sanctions on Iran, a move that could further strain Middle‑East supply flows. Brent dropped 1.6% to $92.90 a barrel and WTI fell 2% to $85.32, marking the second consecutive weekly rise but still vulnerable to Washington’s policy shift.

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