Oil prices eased more than $1 a barrel on Monday as investors booked profits ahead of a US announcement on new sanctions against Iran, with markets weighing the possibility of further disruption to Middle Eastern supplies.

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

SINGAPORE: Oil prices slipped more than $1 a barrel on Monday as investors took profits ahead of an expected announcement from Washington about imposing more sanctions on Iran…

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