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France 24
France 24
FRANCE 24

Oil prices fall for second day as US shifts from Iran strikes to sanctions

Iran United States Scott Bessent Oil Chris Low Nvidia Tehran Washington D.C.
A handout picture taken on March 9, 2018, released by BP, shows an oil platform in the Clair Ridge oilfield in the North Sea.
A handout picture taken on March 9, 2018, released by BP, shows an oil platform in the Clair Ridge oilfield in the North Sea. © Stuart Conway, AFP

Oil prices fell for a second straight day on Tuesday as traders saw a reduced risk of renewed US military strikes on Iran after Washington instead threatened broader economic sanctions. Treasury Secretary Scott Bessent declared an “economic D-Day” against Tehran but gave no timeline or details on countries that could face penalties.

Oil prices fell for a second day on Tuesday as traders judged the risk of renewed military strikes on Iran to have receded, after the United States instead threatened broader economic sanctions.

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