#BrentDrops1.87%
Brent falls 1.87% as Bessent promises to cut Iran’s economic lifeline.
Why did oil prices fall while Washington was intensifying tensions?
Brent crude fell 1.87% to $92.63 on Monday, giving up part of last week’s gains, as traders assessed Washington’s growing pressure campaign on Iran.
West Texas Intermediate fell 1.97% to $85.35. Selling spread across the energy sector, with natural gas, gasoline, and heating oil recording losses of between 1.68% and 1.88% each.
Both stock indexes rose more than 5% last week due to the escalation in rhetoric. President Donald Trump announced on August 19 what he described as “the most devastating economic operation ever undertaken against any country.”
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Brent falls 1.87% as Bessent promises to cut Iran’s economic lifeline.
Why did oil prices fall while Washington was intensifying tensions?
Brent crude fell 1.87% to $92.63 on Monday, giving up part of last week’s gains, as traders assessed Washington’s growing pressure campaign on Iran.
West Texas Intermediate fell 1.97% to $85.35. Selling spread across the energy sector, with natural gas, gasoline, and heating oil recording losses of between 1.68% and 1.88% each.
Both stock indexes rose more than 5% last week due to the escalation in rhetoric. President Donald Trump announced on August 19 what he described as “the most devastating economic operation ever undertaken against any country.”
$AAPLB
$NVDA.US
$AAPL.US