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Oil Prices Slide 2% as Markets Brace for Bessent’s ‘Economic D-Day’
Oil prices fell by more than 2% in early Asian trade on Monday as traders took profits and markets awaited details of a new U.S. sanctions package against Iran.
AI Summary
Oil prices dropped more than 2% in early Asian trading on Monday. The decline followed traders taking profits after a brief rally. Market participants are waiting for details of a new U.S. sanctions package targeting Iran. The next update will come once the sanctions framework is released.
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