The price of oil fell sligjhtly in anticipation of a set of Iran economic sanctions billed by U.S. Treasury Secretary Scott Bessent as the toughest ever.

Treasury Secretary Scott Bessent announces Economic D-Day against Iran, unveiling what he calls the toughest sanctions in history to sever all

Iran's rial slumps to record low ahead of sanctions announcement; Tehran charges measures prove US failed in war, says it issued warnings against cooperating with pressure campaign