Oil prices decline as investors brush aside Bessent’s ‘economic D-Day’ for Iran

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Oil prices fell on Tuesday, with West Texas Intermediate and Brent crude futures for October delivery both declining by approximately 3 percent. Investors appear to be dismissing warnings from US Treasury Secretary Scott Bessent, who had called the day an « economic D-Day » for Iran due to new US sanctions. This market indifference suggests that concerns about a major disruption to oil supplies remain limited.

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