Oil prices fall ahead of Trump’s new Iran measures as Brent and WTI slide, while US gas prices rise and markets watch the Strait of Hormuz.

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…