https://www.live-feeds.com/feed/oil-prices-slide-2-as-markets-brace-for-bessent-s-economic-d-dayContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-slide-2-as-markets-brace-for-bessent-s-economic-d-dayhttps://www.live-feeds.com/feed/oil-prices-slide-2-as-markets-brace-for-bessent-s-economic-d-day#u48439Tue, 25 Aug 2026 12:41:08 +0000Oil prices fell between 1% and 2% as markets react to Treasury Secretary Scott Bessent's launch of Operation Economic Outcast. This initiative, described as an Economic D-Day, provides countries with an unspecified timeline to terminate Iran-related activities. Investors are adjusting positions in anticipation of the toughest U.S. sanctions to date. While the U.S. expanded these sanctions on Monday, the Treasury did not target major Chinese banks. This market volatility occurs as Iran reports a new natural gas discovery in Fars province estimated at 5.7 trillion cubic feet of recoverable