Oil fell Wednesday, as investors continue to assess the U.S. pivot toward economic sanctions rather than military strikes to add pressure on Iran.

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…

Traders are awaiting details about new US measures sure to further disrupt Iranian oil flows.

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