https://www.live-feeds.com/feed/oil-falls-ahead-of-us-announcement-on-new-iran-sanctionsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-falls-ahead-of-us-announcement-on-new-iran-sanctionshttps://www.live-feeds.com/feed/oil-falls-ahead-of-us-announcement-on-new-iran-sanctions#u51026Fri, 28 Aug 2026 13:40:57 +0000Oil prices are extending their decline while Iran and Oman discuss the creation of a temporary shipping corridor. This follows claims by President Donald Trump that mines in the Strait of Hormuz have been cleared. The IMF chief stated the global economy weathered the Hormuz oil shock better than feared. These developments occur as regional powers seek an off-ramp for a war that has lasted months longer than Trump originally promised.Why it mattersThe market volatility follows US sanctions announced by Treasury Secretary Scott Bessent to block all Iranian revenue sources. The US previously warn https://www.live-feeds.com/feed/oil-falls-ahead-of-us-announcement-on-new-iran-sanctionshttps://www.live-feeds.com/feed/oil-falls-ahead-of-us-announcement-on-new-iran-sanctions#u48922Wed, 26 Aug 2026 07:45:10 +0000Oil prices fell by more than $2 a barrel on Monday as investors shrugged off new US sanctions on Iran and took profits after recent gains. Treasury Secretary Scott Bessent announced the measures to block all potential revenue sources for Iran. The US warned countries trading with the Islamic Republic to sever financial ties or face retaliation. Brent crude futures dropped 1 per cent to USD 93.45, and US West Texas Intermediate fell 1.06 per cent to USD 86.14.Why it mattersDonald Trump pledged the economic measures last week to increase pressure on an Iranian economy already weakened by previou https://www.live-feeds.com/feed/oil-falls-ahead-of-us-announcement-on-new-iran-sanctionshttps://www.live-feeds.com/feed/oil-falls-ahead-of-us-announcement-on-new-iran-sanctions#u47659Mon, 24 Aug 2026 15:43:34 +0000Crude oil prices fell on Monday as investors awaited a US announcement regarding the largest-ever round of economic sanctions against Iran. Brent crude futures dropped 1 per cent to USD 93.45, while US West Texas Intermediate fell 1.06 per cent to USD 86.14. Traders are taking profits after recent gains while bracing for what officials describe as the toughest sanctions to date. Some market participants are specifically preparing for an event referred to as Bessent's Economic D-Day.Why it mattersSanctions on Iran often create volatility by threatening to disrupt Middle East oil supplies.