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The Economic Times

Global Business / The Economic Times

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Oil falls ahead of US announcement on new Iran sanctions

Oil prices experienced a decline as investors braced for impending U.S. sanctions aimed at Iran. With these sanctions likely to create further disruptions in oil supply routes across the Middle East, anticipation builds. U.S. Treasury Secretary Scott Bessent is poised to unveil the most stringent sanctions to date. Meanwhile, Iran's leadership is split between choosing to de-escalate or confront these challenges. The impact of U.S.

24 Aug 2026 7:26 am