Daily Market Updates: Oil prices fall ahead of U.S. sanctions on Iran

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Oil prices fall ahead of U.S. sanctions on Iran

Reported · Written up by our desk · Trade & Tariffs

Oil prices declined on Monday as investors looked ahead to Washington’s planned sanctions campaign targeting Iran, which the U.S. has billed as its toughest-ever effort, CNBC reports.

The market reaction reflected uncertainty around the sanctions details, as traders awaited what the measures will include and how widely they may affect Iranian oil flows, according to CNBC Markets.

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Sources

CNBC MarketsOil prices fall as investors await 'toughest' U.S. sanctions on Iran

CNBC WorldOil prices fall as investors await 'toughest' U.S. sanctions on Iran

Global Markets

Oil prices fall ahead of U.S. sanctions on Iran

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Sources

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