WTI Crude Falls 1.3% to $85.93 on Monday as Markets Await U.S. Iran Sanctions Announcement

According to ChainCatcher, WTI crude futures fell 1.3% to $85.93 per barrel on Monday, while Brent crude dropped 1.24% to $93.22 per barrel, as markets awaited announcements from U.S. Treasury Secretary on new sanctions against Iran. Treasury Secretary had previously stated the U.S. would launch "the largest financial offensive in history" against Iran, seeking to pressure allies and other nations to sever economic ties with the country.
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