Sanctions loom
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Oil prices were little changed on Monday, held in check by expectations that the latest European sanctions will have minimal impact on Russian oil supplies. Brent crude futures dropped 12 cents, or 0.
Iran has long been divided between hard-liners who place high value on attaining a bomb and others who favor negotiations, sanctions relief, and global reintegration.
On June 23, the United States targeted and damaged three Iranian nuclear facilities. U.S. officials stated that the strike was in response to Iran’s recent escalation against Israel. The Iranians
Oil prices were little changed on Monday as traders assess the impact of new European sanctions on Russian oil supply while they also worry about tariffs possibly weakening fuel demand as Middle East producers are raising output.