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Confidential Source•Aug 24, 2026
US Sanctions Looming: Oil Prices Slip Amid Iran Tensions
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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 consecuti...

Iran's military command announced that, after briefly reopening the strategic Strait of Hormuz, it has now reinstated strict control over the waterway...

Global oil markets witnessed a significant surge on Thursday, with prices climbing nearly 3%, following new sanctions imposed by Washington on Russian...