Oil prices fall due to the escalation of tensions in Iran and threats of sanctions
2026-08-24 07:48:45
According to CoinMeta, oil prices fell slightly on Monday during trading at Globex. This decline is related to the escalation of tensions in Iran over the weekend and the threat of sanctions. According to the latest reports, Finance Minister Scott Bessent will hold a press conference on Monday afternoon to announce the harshest sanctions ever imposed on Tehran. In addition, Mohammad Rezaei, Secretary of Iran's Supreme National Security Council, warned that if the economic war continues, Iran will stop all oil exports to the Gulf region. On Friday, the price of Brent crude oil approached $94, and WTI crude oil approached $87, with crude oil prices rising by about 5% to 6% over the past week.
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Source:Internet
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