#oilholdslosses
🛢️ Washington promised an “Economic Day D” — oil barely moved
The White House vowed an aggressive economic campaign against Iran.
But when the latest sanctions were announced, oil reacted only modestly — and what was left out may matter as much as what was included.
On Monday, Treasury Secretary Scott Bessent revealed the “Abandoned Economic Operation” (Operation Economic Outcast), a package of sanctions targeting dozens of individuals, entities, and ships associated with Iran’s oil, as well as sectors including shipping, aviation, technology, and digital assets.
The administration also warned that countries refusing to comply may ultimately face restrictions related to the U.S. financial system.
But one detail caught the market’s attention.
Despite earlier indications that Chinese financial institutions could face pressure, reports say the initial package did not include targeting major Chinese banks.
Follow-up, please
$TAC $ONG $STAR
🛢️ Washington promised an “Economic Day D” — oil barely moved
The White House vowed an aggressive economic campaign against Iran.
But when the latest sanctions were announced, oil reacted only modestly — and what was left out may matter as much as what was included.
On Monday, Treasury Secretary Scott Bessent revealed the “Abandoned Economic Operation” (Operation Economic Outcast), a package of sanctions targeting dozens of individuals, entities, and ships associated with Iran’s oil, as well as sectors including shipping, aviation, technology, and digital assets.
The administration also warned that countries refusing to comply may ultimately face restrictions related to the U.S. financial system.
But one detail caught the market’s attention.
Despite earlier indications that Chinese financial institutions could face pressure, reports say the initial package did not include targeting major Chinese banks.
Follow-up, please
$TAC $ONG $STAR
