International crude oil prices experienced a decline as anticipation builds for a US announcement concerning new sanctions against Iran. By 0035 GMT, Brent crude futures dropped by $1.22, marking a 1.29% decrease to reach $93.17. Simultaneously, US West Texas Intermediate (WTI) crude saw a reduction of $1.20, or 1.38%, bringing the price to $85.86 per barrel.
Economy
Oil prices decline ahead of US announcement on Iran sanctions
Global crude oil prices have fallen as markets await an upcoming US announcement regarding new sanctions on Iran.
Source: The Business Standard