Oil prices fell Monday as investors awaited details of what Washington has billed as its toughest-ever sanctions campaign against Iran.

Oil prices eased Friday but remained on track for a second straight weekly gain as hopes of a swift reopening of the Strait of Hormuz faded to near-zero.

Oil prices fell more than one dollar on Monday as investors took profits and awaited expected new U.S. sanctions on Iran.

Iran has threatened to halt all oil exports across the Persian Gulf, as the United States is set to unveil crippling new sanctions on Monday. The upcoming US curbs aim to sever…

Countries will face a specific timeline to shut down links with Iran