Oil prices declined despite U.S. Treasury Secretary Scott Bessent’s warning of an impending « economic D-Day » related to Iran. Brent crude traded around $93 per barrel while West Texas Intermediate was approximately $86 per barrel, both marking a daily decrease. The market appears to be focusing on immediate supply risks from Iran rather than long-term price increases. The probability of crude oil reaching a new all-time high by September 30 is now assessed at 12.5%, down from previous higher levels. Market participants are awaiting details on U.S. sanctions against Iran that Bessent is expected to announce.
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