Oil drops to 12-day low as new US sanctions shift focus from strikes on Iran
What's new: Brent fell below $90 and WTI below $83 as traders judged tougher financial pressure less likely to disrupt near-term supply.
Bloomberg +1
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United States · Iran Economic Sanctions
US imposes new sanctions on 5 Iran sectors; rial hits low
The move also targets more than 60 entities, people and vessels, while the rial briefly fell to 2.02 million per U.S. dollar.
CNN Indonesia, Antara News +3